American Assets Investment Management LLC Buys New Stake in AGNC Investment Corp. (NASDAQ:AGNC)

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 stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 430,872 shares of the real estate investment trust's stock, valued at approximately $4,128,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA lifted its stake in shares of AGNC Investment by 15.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 110,443 shares of the real estate investment trust's stock worth $1,017,000 after purchasing an additional 14,922 shares during the period. California Public Employees Retirement System lifted its stake in shares of AGNC Investment by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 1,022,721 shares of the real estate investment trust's stock worth $9,419,000 after purchasing an additional 2,609 shares during the period. Alliancebernstein L.P. lifted its stake in shares of AGNC Investment by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 364,587 shares of the real estate investment trust's stock worth $3,358,000 after purchasing an additional 7,176 shares during the period. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,832 shares during the period. Finally, Geode Capital Management LLC lifted its stake 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 period. Hedge funds and other institutional investors own 38.28% of the company's stock.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada reduced their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. 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 note on Thursday, July 10th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.58.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction dated 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 approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction dated 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 approximately $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Trading Up 1.6%

NASDAQ:AGNC opened at $9.63 on Tuesday. The business's 50-day moving average is $9.31 and its two-hundred day moving average is $9.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The firm has a market capitalization of $9.83 billion, a PE ratio of 28.32 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 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 company had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same period last year, the business earned $0.53 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.12 per share. This represents a dividend yield of 1,520.0%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's payout ratio is presently 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).

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