Odyssean LLC Purchases New Holdings in AGNC Investment Corp. $AGNC

Key Points

• Odyssean LLC purchased 120,735 AGNC shares worth approximately $1.316 million in the second quarter. Institutional investors and hedge funds collectively own 38.28% of the company.
• AGNC reported quarterly EPS of $0.40, beating estimates of $0.38, and announced a monthly dividend of $0.12 per share, representing an annualized yield of about 13.5%.
• Analysts maintain a generally cautious outlook, with AGNC receiving an average “Hold” rating and an average price target of $11.11 versus its reported trading price of $10.65.

Odyssean LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,735 shares of the real estate investment trust's stock, valued at approximately $1,316,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $704,076,000. Geode Capital Management LLC increased its holdings in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust's stock worth $312,275,000 after buying an additional 1,596,244 shares during the last quarter. State Street Corp increased its holdings in AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust's stock worth $197,774,000 after buying an additional 1,090,374 shares during the last quarter. Norges Bank bought a new stake in AGNC Investment during the fourth quarter worth $141,830,000. Finally, Equity Investment Corp bought a new stake in AGNC Investment during the second quarter worth $106,123,000. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Down 0.1%

AGNC Investment stock opened at $10.65 on Friday. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 5.61 and a beta of 1.32. AGNC Investment Corp. has a 12 month low of $9.63 and a 12 month high of $12.19. The stock's 50 day moving average is $10.89 and its 200-day moving average is $10.67.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the business posted ($0.17) earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed 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 13.5%. AGNC Investment's payout ratio is currently 75.79%.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Compass Point downgraded shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price for the company. in a research note on Friday, July 17th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, Piper Sandler upped their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, AGNC Investment currently has an average rating of "Hold" and an average price target of $11.11.

Insider Activity

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

About AGNC Investment

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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