Wiregrass Investment Management LLC Invests $891,000 in AGNC Investment Corp. $AGNC

Wiregrass Investment Management LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 88,794 shares of the real estate investment trust’s stock, valued at approximately $891,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth increased its stake in AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of AGNC Investment in the 4th quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of AGNC Investment by 110.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,708 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Performance

AGNC stock opened at $10.78 on Wednesday. AGNC Investment Corp. has a 1 year low of $9.11 and a 1 year high of $12.19. The firm has a market cap of $12.37 billion, a P/E ratio of 5.67 and a beta of 1.31. The stock has a 50-day simple moving average of $10.60 and a 200-day simple moving average of $10.82.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same period last year, the business posted ($0.17) EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 1.57 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Trending Headlines about AGNC Investment

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: AGNC posted Q2 EPS of $0.40, topping the consensus estimate of $0.38 and improving from $0.38 a year ago; the company also reported stronger return on equity and book value trends. Article Title
• Positive Sentiment: Management’s earnings call and presentation emphasized strong returns and portfolio growth, which may support the view that AGNC is executing well operationally despite a tougher rate environment. Article Title
• Neutral Sentiment: Coverage focused on AGNC as a high-yield dividend stock, reinforcing investor interest in the REIT’s income stream rather than a major new catalyst. Article Title
• Negative Sentiment: Despite the earnings beat, the stock fell as revenue missed expectations and investors reacted to higher funding costs and rising prepayments, both of which can pressure mortgage REIT profitability. Article Title

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Piper Sandler lifted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. UBS Group boosted their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and a consensus price target of $11.33.

Insider Buying and Selling

In other news, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 215,234 shares of company stock worth $2,364,022 in the last quarter. Insiders own 0.40% of the company’s stock.

AGNC Investment Company Profile

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.