Equity Investment Corp Sells 430,543 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Equity Investment Corp reduced its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,913,432 shares of the real estate investment trust's stock after selling 430,543 shares during the period. Equity Investment Corp owned about 0.88% of AGNC Investment worth $58,011,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AGNC. Foundations Investment Advisors LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at $152,000. Boston Partners lifted its position in AGNC Investment by 378.9% during the fourth quarter. Boston Partners now owns 230,984 shares of the real estate investment trust's stock valued at $2,266,000 after purchasing an additional 182,752 shares during the last quarter. Ieq Capital LLC purchased a new position in AGNC Investment in the 4th quarter worth approximately $117,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of AGNC Investment by 6.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 48,864 shares of the real estate investment trust's stock worth $479,000 after buying an additional 3,139 shares during the last quarter. Finally, Mount Lucas Management LP raised its position in shares of AGNC Investment by 24.9% during the 4th quarter. Mount Lucas Management LP now owns 480,920 shares of the real estate investment trust's stock valued at $4,718,000 after buying an additional 96,020 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Up 0.1 %

Shares of AGNC Investment stock traded up $0.01 on Friday, reaching $9.90. The stock had a trading volume of 6,257,698 shares, compared to its average volume of 11,625,769. The stock has a market capitalization of $7.20 billion, a P/E ratio of 10.88 and a beta of 1.45. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $9.55 and a 200 day moving average price of $9.42.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, May 31st. AGNC Investment's dividend payout ratio (DPR) is 158.24%.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares of the company's stock, valued at approximately $2,888,948.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now owns 75,545 shares of the company's stock, valued at $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bernice Bell sold 3,500 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,900 shares of company stock worth $149,030 in the last ninety days. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGNC. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, March 12th. Royal Bank of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Thursday, January 25th. Jonestrading decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 target price for the company. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment currently has an average rating of "Moderate Buy" and an average target price of $9.79.

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).