AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) CEO Peter Federico sold 64,411 shares of the firm's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $10.91, for a total transaction of $702,724.01. Following the completion of the sale, the chief executive officer owned 2,055,906 shares of the company's stock, valued at $22,429,934.46. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
AGNC Investment Stock Down 0.2%
Shares of NASDAQ AGNC opened at $11.08 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $8.61 and a 52 week high of $12.19. The firm has a 50-day moving average price of $10.61 and a 200 day moving average price of $10.70. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 9.16 and a beta of 1.38.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.63%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, May 11th. Investors of record on Thursday, April 30th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Thursday, April 30th. AGNC Investment's dividend payout ratio (DPR) is 119.01%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AGNC. GoalVest Advisory LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of AGNC Investment in the third quarter valued at $29,000. Sound Income Strategies LLC boosted its stake in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new position in AGNC Investment during the 4th quarter valued at $33,000. Finally, National Bank of Canada FI boosted its stake in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,690 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Wall Street Zen upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $12.00 target price on shares of AGNC Investment in a report on Friday. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Weiss Ratings reissued a "hold (c)" rating on shares of AGNC Investment in a research report on Friday, March 27th. Finally, BTIG Research lowered shares of AGNC Investment from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.06.
Get Our Latest Report on AGNC
AGNC Investment Company Profile
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Get Free Report)
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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