Beacon Pointe Advisors LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 180,036 shares of the real estate investment trust's stock, valued at approximately $1,962,000.
A number of other large investors have also recently modified their holdings of AGNC. Handelsbanken Fonder AB lifted its position in AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust's stock valued at $3,851,000 after acquiring an additional 900 shares during the period. Wealthspire Advisors LLC boosted its position in shares of AGNC Investment by 0.9% in the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust's stock worth $1,118,000 after purchasing an additional 907 shares in the last quarter. Davidson Trust Co. boosted its position in shares of AGNC Investment by 4.4% in the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 985 shares in the last quarter. Spinnaker Investment Group LLC grew its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock worth $824,000 after buying an additional 1,014 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of AGNC Investment by 10.4% in the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust's stock worth $112,000 after buying an additional 1,046 shares during the last quarter. Institutional investors own 38.28% of the company's stock.
AGNC Investment Price Performance
Shares of AGNC stock opened at $10.90 on Monday. The company has a 50 day moving average price of $10.88 and a 200-day moving average price of $10.69. AGNC Investment Corp. has a 52 week low of $9.62 and a 52 week high of $12.19. The firm has a market capitalization of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current year.
AGNC Investment Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment's dividend payout ratio is currently 75.79%.
Wall Street Analysts Forecast Growth
AGNC has been the topic of several analyst reports. Weiss Ratings raised AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Piper Sandler upped their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, July 2nd. Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target on the stock. in a research note on Friday, July 17th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $11.11.
Read Our Latest Analysis on AGNC
Insider Transactions at AGNC Investment
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares of the company's stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.
AGNC Investment Company Profile
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Free Report)
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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