Compass Financial Management LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 352,260 shares of the real estate investment trust’s stock, valued at approximately $3,784,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in shares of AGNC Investment in the 2nd quarter valued at approximately $26,000. Avion Wealth increased its holdings in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of AGNC Investment during the second quarter worth approximately $28,000. National Bank of Canada FI raised its stake in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the last quarter. Finally, WealthCollab LLC acquired a new stake in shares of AGNC Investment during the third quarter worth $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on AGNC shares. Piper Sandler boosted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.11.
AGNC Investment Stock Performance
AGNC Investment stock opened at $10.89 on Friday. AGNC Investment Corp. has a one year low of $9.62 and a one year high of $12.19. The business has a fifty day moving average of $10.83 and a two-hundred day moving average of $10.71. The company has a market cap of $12.91 billion, a P/E ratio of 5.73 and a beta of 1.32.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the prior year, the company posted ($0.17) EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s payout ratio is currently 75.79%.
Insiders Place Their Bets
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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