LaSalle St. Investment Advisors LLC Purchases New Shares in AGNC Investment Corp. (NASDAQ:AGNC)

Key Points

• LaSalle St. Investment Advisors LLC purchased 28,214 shares of AGNC Investment Corp., valued at approximately $270,000, in the first quarter of the year.
• AGNC Investment recently announced a monthly dividend of $0.12 per share, translating to an annual yield of 15.2%, with a dividend payout ratio (DPR) of 423.53%.
• The company's stock has a market cap of $9.84 billion, a PE ratio of 27.79, and a one-year high of $10.85, with current trading around $9.45.

LaSalle St. Investment Advisors LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,214 shares of the real estate investment trust's stock, valued at approximately $270,000.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in AGNC Investment by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock worth $168,000 after acquiring an additional 970 shares during the period. Kovack Advisors Inc. lifted its stake in AGNC Investment by 0.5% in the first quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after acquiring an additional 1,186 shares during the period. CoreCap Advisors LLC lifted its stake in AGNC Investment by 34.8% in the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,229 shares during the period. IFP Advisors Inc lifted its position in AGNC Investment by 24.2% during the first quarter. IFP Advisors Inc now owns 6,479 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 1,261 shares during the period. Finally, HB Wealth Management LLC lifted its position in AGNC Investment by 9.2% during the first quarter. HB Wealth Management LLC now owns 15,316 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,296 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on 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 reaffirmed a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada lowered their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of "Hold" and a consensus price target of $9.58.

Insider Activity at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This trade represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Stock Performance

Shares of AGNC Investment stock traded up $0.13 during trading hours on Tuesday, reaching $9.46. 16,289,034 shares of the stock traded hands, compared to its average volume of 25,840,559. The company has a 50 day moving average price of $9.36 and a 200 day moving average price of $9.44. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 27.82 and a beta of 1.28. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a $0.12 dividend. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date is Friday, August 29th. AGNC Investment's dividend payout ratio is presently 423.53%.

AGNC Investment Profile

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).