Davidson Investment Advisors Acquires 101,011 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Davidson Investment Advisors increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,428,281 shares of the real estate investment trust's stock after buying an additional 101,011 shares during the period. AGNC Investment comprises approximately 1.6% of Davidson Investment Advisors' investment portfolio, making the stock its 13th biggest holding. Davidson Investment Advisors owned about 0.37% of AGNC Investment worth $32,843,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the 4th quarter worth $26,000. National Bank of Canada FI grew its stake in AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares during the last quarter. Rossby Financial LCC bought a new position in AGNC Investment in the first quarter worth about $38,000. CoreCap Advisors LLC lifted its position in shares of AGNC Investment by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of AGNC Investment by 150.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 5,000 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AGNC shares. Royal Bank Of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $9.75.

Insider Transactions at AGNC Investment

In related news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the transaction, the executive vice president owned 374,019 shares of the company's stock, valued at $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $8.88, for a total transaction of $429,197.04. Following the transaction, the chief executive officer owned 1,643,088 shares of the company's stock, valued at $14,590,621.44. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is owned by company insiders.

AGNC Investment Trading Down 0.1%

Shares of AGNC Investment stock opened at $9.42 on Monday. The firm's 50 day simple moving average is $9.09 and its two-hundred day simple moving average is $9.43. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 23.54 and a beta of 1.28. AGNC Investment Corp. has a 12-month low of $7.85 and a 12-month high of $10.85. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. During the same period in the prior year, the firm earned $0.58 EPS. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jun 25 dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be paid a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date is Monday, June 30th. AGNC Investment's payout ratio is 360.00%.

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).

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