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

Key Points

• American Assets Investment Management LLC has acquired a new stake in AGNC Investment Corp., purchasing 430,872 shares valued at approximately $4.1 million.
• AGNC Investment's latest quarterly earnings report showed an EPS of $0.38, falling short of the consensus estimate of $0.42, despite revenues reaching $830 million.
• The company also announced a dividend of $0.12 per share, with a remarkably high dividend yield of 1,520% and a payout ratio of 423.53%.

American Assets Investment Management LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 430,872 shares of the real estate investment trust's stock, valued at approximately $4,128,000.

Other large investors also recently bought and sold shares of the company. Farringdon Capital Ltd. bought a new position in AGNC Investment during the 4th quarter worth approximately $639,000. Wealth Enhancement Advisory Services LLC raised its position in shares of AGNC Investment by 96.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust's stock worth $1,014,000 after purchasing an additional 54,049 shares during the period. KBC Group NV raised its position in shares of AGNC Investment by 10.2% during the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock worth $320,000 after purchasing an additional 3,081 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of AGNC Investment by 14.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,991 shares of the real estate investment trust's stock worth $192,000 after purchasing an additional 2,465 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $1,240,000. Institutional investors own 38.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AGNC. UBS Group increased their price target on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Wells Fargo & Company lowered their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Jones Trading restated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods raised their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.58.

AGNC Investment Price Performance

Shares of AGNC stock traded up $0.04 during mid-day trading on Friday, hitting $9.45. 10,825,059 shares of the stock traded hands, compared to its average volume of 20,970,722. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.85. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 27.79 and a beta of 1.28. The company's 50-day simple moving average is $9.35 and its 200-day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.33.

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. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 15.2%. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Insider Buying and Selling at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of the firm'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 trade represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John D. Fisk sold 20,278 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

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).