Pekin Hardy Strauss Inc. Buys 424,404 Shares of AGNC Investment Corp. $AGNC

Pekin Hardy Strauss Inc. lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 188.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 649,342 shares of the real estate investment trust’s stock after purchasing an additional 424,404 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in AGNC Investment were worth $5,890,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AGNC. Kestra Advisory Services LLC grew its holdings in AGNC Investment by 52.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 446,660 shares of the real estate investment trust’s stock valued at $4,051,000 after buying an additional 152,915 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of AGNC Investment by 7.8% during the third quarter. Commonwealth Equity Services LLC now owns 1,096,094 shares of the real estate investment trust’s stock valued at $9,942,000 after buying an additional 79,073 shares during the period. Compass Financial Management LLC increased its position in shares of AGNC Investment by 2.9% during the third quarter. Compass Financial Management LLC now owns 362,595 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 10,335 shares during the period. Integrity Alliance LLC. lifted its holdings in shares of AGNC Investment by 19.4% in the third quarter. Integrity Alliance LLC. now owns 71,084 shares of the real estate investment trust’s stock worth $645,000 after buying an additional 11,552 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of AGNC Investment in the third quarter worth about $2,228,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.6%

AGNC Investment stock opened at $8.82 on Friday. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 882.88 and a beta of 1.40. The business has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $10.44. AGNC Investment Corp. has a 52 week low of $8.38 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. On average, research analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 annualized dividend and a dividend yield of 16.3%. AGNC Investment’s payout ratio is presently 14,400.00%.

Insider Activity at AGNC Investment

In related news, CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $8.87, for a total value of $601,332.78. Following the transaction, the chief executive officer directly owned 1,846,083 shares in the company, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AGNC. Barclays cut their price objective on shares of AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 21st. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research note on Friday, July 17th. Finally, Wells Fargo & Company cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.12.

AGNC Investment Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.