AGNC Investment (NASDAQ:AGNC) EVP Bernice Bell Sells 5,000 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.92 on Friday. The firm’s 50 day moving average price is $10.66 and its 200-day moving average price is $10.81. AGNC Investment Corp. has a one year low of $9.31 and a one year high of $12.19. The firm has a market cap of $12.54 billion, a P/E ratio of 5.75 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. During the same quarter last year, the firm earned ($0.17) EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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 $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. AGNC Investment’s payout ratio is presently 75.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Avion Wealth increased its holdings in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares during the period. Sound Income Strategies LLC boosted 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 buying an additional 1,048 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of AGNC Investment in the 4th quarter valued at about $33,000. National Bank of Canada FI grew its position in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,690 shares in the last quarter. Finally, WealthCollab LLC acquired a new position in shares of AGNC Investment during the third quarter worth about $33,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AGNC shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Piper Sandler lifted their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Finally, UBS Group raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Three research 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, the stock has an average rating of “Hold” and a consensus price target of $11.11.

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.