Key Points
- CEO Peter Federico sold 67,794 AGNC shares at an average price of $8.87, for total proceeds of $601,332.78. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 3.54%.
- AGNC reported quarterly EPS of $0.37, matching expectations, while revenue of $1.20 billion exceeded the $1.06 billion consensus estimate. The company also announced a monthly dividend of $0.12 per share, representing a 16.2% annualized yield.
- Analysts have generally turned more cautious, with several lowering price targets or downgrading the stock. AGNC currently has a consensus rating of “Hold” and an average target price of $10.12.
AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) CEO Peter Federico sold 67,794 shares of the business's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the sale, the chief executive officer directly owned 1,846,083 shares of the company's stock, valued at approximately $16,374,756.21. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
AGNC Investment Price Performance
Shares of AGNC opened at $8.87 on Wednesday. AGNC Investment Corp. has a 1-year low of $8.38 and a 1-year high of $12.19. The stock has a market cap of $10.52 billion, a PE ratio of 887.89 and a beta of 1.36. The firm has a fifty day moving average price of $9.72 and a 200 day moving average price of $10.54.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.06 billion. As a group, equities analysts expect that AGNC Investment Corp. will post 1.58 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 16.2%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment's payout ratio is presently 14,400.00%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on AGNC shares. Barclays decreased their target price on AGNC Investment from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 21st. Compass Point lowered AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target on the stock. in a research report on Friday, July 17th. Royal Bank Of Canada reduced their price objective on AGNC Investment from $12.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded AGNC Investment from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.12.
Get Our Latest Stock Report on AGNC Investment
Institutional Investors Weigh In On AGNC Investment
A number of institutional investors and hedge funds have recently made changes to their positions in the business. North Dakota State Investment Board boosted its stake in shares of AGNC Investment by 7.2% during the third quarter. North Dakota State Investment Board now owns 35,253 shares of the real estate investment trust's stock worth $320,000 after buying an additional 2,365 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of AGNC Investment by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 41,362 shares of the real estate investment trust's stock worth $375,000 after buying an additional 3,691 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of AGNC Investment by 10.4% during the third quarter. Park Avenue Securities LLC now owns 114,162 shares of the real estate investment trust's stock worth $1,035,000 after buying an additional 10,735 shares during the last quarter. Sigma Planning Corp increased its position in AGNC Investment by 9.8% in the 3rd quarter. Sigma Planning Corp now owns 125,375 shares of the real estate investment trust's stock valued at $1,137,000 after acquiring an additional 11,186 shares during the period. Finally, Simplicity Wealth LLC increased its position in AGNC Investment by 18.4% in the 3rd quarter. Simplicity Wealth LLC now owns 252,799 shares of the real estate investment trust's stock valued at $2,293,000 after acquiring an additional 39,316 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.
AGNC Investment Company Profile
(
Get Free Report)
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.
The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.
Further Reading
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