Evergreen Capital Management LLC Decreases Stock Holdings in AGNC Investment Corp. $AGNC

Key Points

• Evergreen Capital Management reduced its stake in AGNC Investment Corp. by 5.9%, owning approximately 821,571 shares valued at $7.97 million after selling 51,285 shares recently.
• AGNC Investment reported a quarterly earnings miss, with $0.38 EPS compared to analyst expectations of $0.42, despite a revenue of $830 million during the quarter.
• The company recently declared a $0.12 dividend to be paid on September 10th, with an annualized yield of 14.7%.

Evergreen Capital Management LLC lessened its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 821,571 shares of the real estate investment trust's stock after selling 51,285 shares during the period. Evergreen Capital Management LLC owned 0.08% of AGNC Investment worth $7,968,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted 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 valued at $1,014,000 after buying an additional 54,049 shares during the last quarter. KBC Group NV lifted 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 valued at $320,000 after buying an additional 3,081 shares during the last quarter. Wealthcare Advisory Partners LLC lifted 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 valued at $192,000 after buying an additional 2,465 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of AGNC Investment during the 1st quarter valued at $1,240,000. Finally, Deutsche Bank AG lifted its position in shares of AGNC Investment by 11.8% during the 4th quarter. Deutsche Bank AG now owns 38,125 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 4,019 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Price Performance

AGNC stock traded down $0.03 during midday trading on Monday, reaching $9.76. The company had a trading volume of 13,984,463 shares, compared to its average volume of 15,738,914. The firm has a 50-day moving average price of $9.49 and a 200-day moving average price of $9.41. The company has a market capitalization of $10.17 billion, a P/E ratio of 28.71 and a beta of 1.30. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick 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 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same period in the previous year, the company earned $0.53 EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 14.8%. AGNC Investment's dividend payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AGNC shares. Jones Trading reiterated a "buy" rating and set a $9.50 price objective on shares of AGNC Investment in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Finally, UBS Group boosted their price objective on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $9.58.

Insider Activity

In other news, Director John D. Fisk sold 20,278 shares of the stock in a transaction dated 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 directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents a 7.88% 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 corporate insiders.

About AGNC Investment

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).