Magnetar Financial LLC Makes New $287,000 Investment in AGNC Investment Corp. $AGNC

Key Points

• Magnetar Financial LLC acquired 29,984 shares of AGNC Investment Corp. for approximately $287,000 in its latest SEC filing.
• AGNC Investment's recent earnings report showed an EPS of $0.38, missing estimates of $0.42, with a revenue of $830 million.
• The company announced a monthly dividend of $0.12, representing an annualized yield of 14.8%, with a payout ratio of 423.53%.

Magnetar Financial LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,984 shares of the real estate investment trust's stock, valued at approximately $287,000.

A number of other institutional investors have also made changes to their positions in AGNC. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment in the fourth quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new stake in AGNC Investment during the first quarter worth about $28,000. Larson Financial Group LLC boosted its stake in AGNC Investment by 326.3% in the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares during the period. AlphaQuest LLC bought a new stake in shares of AGNC Investment in the 1st quarter worth approximately $34,000. Finally, VSM Wealth Advisory LLC acquired a new position in AGNC Investment during the 1st quarter valued at approximately $35,000. 38.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AGNC Investment

In other news, 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 transaction of $105,710.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the transaction, the director owned 112,685 shares of the company's stock, valued at $1,087,410.25. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AGNC shares. Jones Trading restated a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group raised their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment currently has an average rating of "Moderate Buy" and an average target price of $9.63.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC traded up $0.25 during trading on Thursday, reaching $10.20. The company had a trading volume of 37,032,637 shares, compared to its average volume of 15,098,040. The firm's fifty day moving average is $9.54 and its 200 day moving average is $9.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $10.63 billion, a PE ratio of 30.00 and a beta of 1.30. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly 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 net margin of 11.50% and a return on equity of 19.32%. The firm had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 14.1%. AGNC Investment's dividend payout ratio is currently 423.53%.

AGNC Investment Company 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).