Sanctuary Advisors LLC Buys New Position in AGNC Investment Corp. $AGNC

Sanctuary Advisors LLC acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 76,950 shares of the real estate investment trust’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB increased its holdings 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 worth $3,851,000 after purchasing an additional 900 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in AGNC Investment by 0.9% during the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 907 shares during the last quarter. Davidson Trust Co. lifted its stake in AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 985 shares during 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 purchasing an additional 1,014 shares during the period. Finally, Lido Advisors LLC boosted its holdings in AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,046 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGNC has been the subject of several recent research reports. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Friday, July 17th. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.11.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

AGNC Investment Trading Down 0.4%

Shares of NASDAQ:AGNC opened at $10.90 on Friday. The firm’s 50 day moving average is $10.88 and its two-hundred day moving average is $10.69. AGNC Investment Corp. has a 52 week low of $9.62 and a 52 week high of $12.19. The firm has a market capitalization of $12.92 billion, a P/E ratio of 5.74 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s payout ratio is presently 75.79%.

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.