138,590 Shares in AGNC Investment Corp. $AGNC Acquired by HBK Sorce Advisory LLC

Key Points

• HBK Sorce Advisory LLC acquired 138,590 AGNC Investment shares during the second quarter, valued at approximately $1.48 million. Institutional investors collectively own 38.28% of the REIT.
• Analyst sentiment remains cautious: AGNC has a consensus “Hold” rating and an average price target of $11.11, with recent ratings ranging from “neutral” to “overweight.”
• AGNC reported quarterly EPS of $0.40, exceeding estimates of $0.38, and announced a monthly dividend of $0.12 per share, implying an annualized yield of about 13.1%.

HBK Sorce Advisory LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 138,590 shares of the real estate investment trust's stock, valued at approximately $1,479,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB lifted its holdings in shares of AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust's stock worth $3,851,000 after buying an additional 900 shares during the period. Wealthspire Advisors LLC increased its stake in shares of AGNC Investment by 0.9% during the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust's stock valued at $1,118,000 after buying an additional 907 shares during the period. Davidson Trust Co. increased its stake in shares of AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 985 shares during the period. Spinnaker Investment Group LLC raised its holdings in shares of AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock valued at $824,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust's stock valued at $112,000 after acquiring an additional 1,046 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company's stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

AGNC has been the topic of several recent research reports. Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a report on Friday, July 17th. Piper Sandler boosted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of AGNC Investment from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.11.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.96 on Monday. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 5.77 and a beta of 1.32. The business has a fifty day moving average price of $10.76 and a 200-day moving average price of $10.74. AGNC Investment Corp. has a 1-year low of $9.57 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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 analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the previous year, the firm earned ($0.17) earnings per share. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.1%. AGNC Investment's dividend payout ratio (DPR) is 75.79%.

AGNC Investment 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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