Royal Bank of Canada Buys 26,048 Shares of AGNC Investment Corp. $AGNC

Royal Bank of Canada boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,068,564 shares of the real estate investment trust's stock after acquiring an additional 26,048 shares during the quarter. Royal Bank of Canada owned 0.20% of AGNC Investment worth $19,816,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AGNC. Magnetar Financial LLC bought a new stake in shares of AGNC Investment during the 1st quarter worth approximately $287,000. CreativeOne Wealth LLC raised its stake in AGNC Investment by 9.7% in the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 1,237 shares during the period. WealthTrust Axiom LLC raised its stake in AGNC Investment by 24.7% in the 1st quarter. WealthTrust Axiom LLC now owns 20,200 shares of the real estate investment trust's stock valued at $194,000 after acquiring an additional 4,000 shares during the period. MetLife Investment Management LLC raised its stake in AGNC Investment by 8.8% in the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 1,256 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in AGNC Investment in the 1st quarter valued at $2,114,000. Institutional investors own 38.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AGNC shares. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods raised 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. Finally, UBS Group increased their target price on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.63.

Insider Activity

In related 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 completion of the sale, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This represents a 15.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul E. Mullings sold 11,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

AGNC Investment Stock Down 0.5%

AGNC Investment stock traded down $0.05 during trading on Friday, hitting $10.18. 14,390,725 shares of the company were exchanged, compared to its average volume of 18,598,004. The business's 50 day moving average is $9.66 and its 200 day moving average is $9.39. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.85. The company has a market capitalization of $10.60 billion, a P/E ratio of 29.94 and a beta of 1.30.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 30th. This represents a yield of 1,408.0%. AGNC Investment's dividend payout ratio is currently 423.53%.

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).