AGNC Investment (NASDAQ:AGNC) CEO Sells 67,794 Shares of Company Stock

Key Points

• CEO Peter Federico sold 67,794 AGNC shares for approximately $601,333 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 3.54% to 1.85 million shares.
• AGNC shares rose 1% to $8.87, while the company reported quarterly EPS of $0.37 in line with estimates and revenue of $1.20 billion, above analyst expectations.
• The REIT announced a monthly dividend of $0.12 per share, equivalent to a 16.2% annualized yield. Analysts generally rate the stock “Hold,” with an average price target of $10.12.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) CEO Peter Federico sold 67,794 shares of the firm's stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the transaction, the chief executive officer directly owned 1,846,083 shares in the company, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Up 1.0%

Shares of NASDAQ:AGNC traded up $0.09 during midday trading on Tuesday, hitting $8.87. The stock had a trading volume of 25,135,481 shares, compared to its average volume of 21,883,959. The company's 50-day moving average price is $9.76 and its 200-day moving average price is $10.55. The company has a market capitalization of $10.52 billion, a P/E ratio of 887.89 and a beta of 1.36. AGNC Investment Corp. has a fifty-two week low of $8.38 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. Research analysts expect that AGNC Investment Corp. will post 1.58 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 16.2%. AGNC Investment's dividend payout ratio is presently 14,400.00%.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Handelsbanken Fonder AB increased 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 buying an additional 900 shares in the last quarter. Wedmont Private Capital boosted its holdings in AGNC Investment by 1.4% in the second quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust's stock worth $821,000 after acquiring an additional 988 shares in the last quarter. Spinnaker Investment Group LLC boosted its holdings in AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock worth $824,000 after acquiring an additional 1,014 shares in the last quarter. NWF Advisory Services Inc. boosted its holdings in AGNC Investment by 8.2% in the second quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,026 shares in the last quarter. Finally, World Investment Advisors grew its stake in shares of AGNC Investment by 5.5% during the first quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. Barclays decreased their price target on AGNC Investment from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered AGNC Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Compass Point cut AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Finally, Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 17th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, AGNC Investment currently has an average rating of "Hold" and an average target price of $10.12.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.