AGNC Investment Corp. (NASDAQ:AGNC) Director Sells $105,710.00 in Stock

Key Points

• AGNC Investment Corp. Director Paul E. Mullings sold 11,000 shares at $9.61 each, totaling $105,710, reducing his stake by 7.88%.
• The company reported $0.38 EPS for the last quarter, missing estimates of $0.42, with revenue significantly exceeding predictions at $830 million.
• AGNC recently declared a $0.12 per share dividend, yielding 15.2%, with a payout ratio of 423.53%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

AGNC Investment Stock Performance

NASDAQ AGNC traded up $0.06 during trading hours on Tuesday, reaching $9.74. The stock had a trading volume of 19,667,755 shares, compared to its average volume of 26,392,029. The stock has a fifty day moving average of $9.24 and a 200 day moving average of $9.44. The stock has a market cap of $9.94 billion, a P/E ratio of 28.65 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. The business had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. During the same period last year, the business earned $0.53 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Investors of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's dividend payout ratio is currently 423.53%.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock valued at $821,765,000 after buying an additional 2,462,337 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its stake in shares of AGNC Investment by 241,567.4% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock valued at $446,651,000 after purchasing an additional 46,368,867 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in AGNC Investment by 18.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after purchasing an additional 2,589,020 shares during the period. Geode Capital Management LLC boosted its position in AGNC Investment by 18.8% during the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock worth $134,645,000 after purchasing an additional 2,311,105 shares in the last quarter. Finally, Norges Bank acquired a new stake in AGNC Investment in the fourth quarter valued at approximately $87,269,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on AGNC shares. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Jones Trading reissued a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group upped their price target on shares of AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $9.58.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.