106,330 Shares in AGNC Investment Corp. $AGNC Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 106,330 shares of the real estate investment trust’s stock, valued at approximately $1,159,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its holdings in shares of AGNC Investment by 0.3% in the second quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 900 shares during the period. Wealthspire Advisors LLC lifted its holdings 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 buying an additional 907 shares during the period. Davidson Trust Co. lifted its holdings 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 buying an additional 985 shares during the period. Spinnaker Investment Group LLC lifted its holdings in AGNC Investment by 1.4% during the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 1,014 shares during the period. Finally, Lido Advisors LLC boosted its position in AGNC Investment by 10.4% during the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.73 on Tuesday. AGNC Investment Corp. has a 1-year low of $9.62 and a 1-year high of $12.19. The stock’s fifty day moving average price is $10.89 and its 200 day moving average price is $10.69. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 5.65 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.17) EPS. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.4%. AGNC Investment’s dividend payout ratio is 75.79%.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Piper Sandler raised their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.