AGNC Investment Corp. $AGNC Stock Acquired by Pekin Hardy Strauss Inc.

Key Points

• Pekin Hardy Strauss increased its AGNC stake by 188.7% in the third quarter, to 649,342 shares valued at about $5.89 million; several other institutional investors also added shares.
• AGNC reported quarterly earnings of $0.37 per share, matching estimates, while revenue of $1.20 billion exceeded the $1.06 billion consensus. Shares opened at $8.82, near their 52-week low of $8.38.
• The company declared a monthly dividend of $0.12 per share, equivalent to a 16.3% annualized yield at the article’s stated price. Analysts’ consensus rating was “Hold,” with an average price target of $10.12.

Pekin Hardy Strauss Inc. raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 188.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,342 shares of the real estate investment trust's stock after purchasing an additional 424,404 shares during the quarter. Pekin Hardy Strauss Inc. owned 0.05% of AGNC Investment worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AGNC. Kestra Advisory Services LLC increased its holdings in AGNC Investment by 52.1% during the third quarter. Kestra Advisory Services LLC now owns 446,660 shares of the real estate investment trust's stock worth $4,051,000 after buying an additional 152,915 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in AGNC Investment by 7.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,096,094 shares of the real estate investment trust's stock valued at $9,942,000 after acquiring an additional 79,073 shares during the last quarter. Compass Financial Management LLC boosted its stake in AGNC Investment by 2.9% in the third quarter. Compass Financial Management LLC now owns 362,595 shares of the real estate investment trust's stock valued at $3,289,000 after acquiring an additional 10,335 shares during the last quarter. Integrity Alliance LLC. boosted its stake in AGNC Investment by 19.4% in the third quarter. Integrity Alliance LLC. now owns 71,084 shares of the real estate investment trust's stock valued at $645,000 after acquiring an additional 11,552 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of AGNC Investment during the 3rd quarter valued at approximately $2,228,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Performance

Shares of AGNC opened at $8.82 on Friday. AGNC Investment Corp. has a fifty-two week low of $8.38 and a fifty-two week high of $12.19. The business has a 50-day moving average of $9.41 and a 200 day moving average of $10.44. The firm has a market cap of $11.23 billion, a P/E ratio of 882.88 and a beta of 1.40.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. As a group, research analysts predict that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 annualized dividend and a dividend yield of 16.3%. AGNC Investment's payout ratio is 14,400.00%.

Insider Activity

In related news, CEO Peter Federico sold 67,794 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,846,083 shares in the company, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AGNC shares. Royal Bank Of Canada decreased their price target on shares of AGNC Investment from $12.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. Compass Point downgraded AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 17th. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $8.00 to $8.50 and gave the company a "neutral" rating in a report on Friday, October 23rd. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.12.

About AGNC Investment

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.

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