430,872 Shares in AGNC Investment Corp. (NASDAQ:AGNC) Bought by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC acquired 430,872 shares of AGNC Investment Corp., valued at approximately $4.1 million, representing about 1.7% of its holdings.
• Analysts have mixed ratings on AGNC Investment, with a consensus rating of "Hold" and an average target price of $9.58, while some firms have adjusted their price targets lower.
• AGNC Investment recently announced a dividend of $0.12 per share, with an ex-dividend date of July 31, reflecting a high dividend yield of 15.2%.

American Assets Investment Management LLC purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 430,872 shares of the real estate investment trust's stock, valued at approximately $4,128,000. AGNC Investment comprises 1.7% of American Assets Investment Management LLC's investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of AGNC. Norges Bank acquired a new stake in shares of AGNC Investment in the fourth quarter valued at $87,269,000. Raymond James Financial Inc. purchased a new stake in shares of AGNC Investment during the 4th quarter worth approximately $39,840,000. Vaughan Nelson Investment Management L.P. raised its position in shares of AGNC Investment by 18.0% during 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 last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 18.8% during the 4th 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 during the last quarter. Finally, Northern Trust Corp raised its holdings in AGNC Investment by 24.9% in the 4th quarter. Northern Trust Corp now owns 6,378,470 shares of the real estate investment trust's stock valued at $58,746,000 after acquiring an additional 1,273,565 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

Insiders Place Their Bets

In other news, Director Paul E. Mullings sold 11,000 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the firm'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 transaction of $195,682.70. Following the transaction, the director owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,496 shares of company stock worth $450,673 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. UBS Group raised 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. Jones Trading reiterated a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, AGNC Investment has a consensus rating of "Hold" and a consensus price target of $9.58.

AGNC Investment Trading Up 1.6%

Shares of AGNC traded up $0.15 on Monday, reaching $9.63. 19,524,582 shares of the company's stock were exchanged, compared to its average volume of 26,284,494. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $9.83 billion, a P/E ratio of 28.32 and a beta of 1.28. The business has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $9.45. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 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 19.63%. The business had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.12 per share. This represents a yield of 1,520.0%. The ex-dividend date is Thursday, July 31st. 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).