Sage Mountain Advisors LLC Takes Position in AGNC Investment Corp. $AGNC

Sage Mountain Advisors LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 162,974 shares of the real estate investment trust’s stock, valued at approximately $1,596,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of AGNC Investment by 79.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 121,595 shares of the real estate investment trust’s stock valued at $1,190,000 after acquiring an additional 54,006 shares during the last quarter. Inspire Advisors LLC purchased a new stake in AGNC Investment in the third quarter valued at approximately $107,000. Intrua Financial LLC increased its position in AGNC Investment by 68.1% during the third quarter. Intrua Financial LLC now owns 60,796 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 24,625 shares during the last quarter. Amalgamated Bank raised its stake in AGNC Investment by 13.5% during the third quarter. Amalgamated Bank now owns 52,150 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 6,208 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of AGNC Investment in the 3rd quarter valued at $147,000. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on AGNC. JPMorgan Chase & Co. upped their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Jones Trading restated a “buy” rating and set a $10.00 target price on shares of AGNC Investment in a report on Tuesday, October 21st. Finally, Barclays increased their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.41.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $11.72 on Tuesday. The company’s fifty day moving average price is $10.69 and its two-hundred day moving average price is $10.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $12.57 billion, a P/E ratio of 17.50 and a beta of 1.36. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $11.93.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. During the same quarter last year, the business earned $0.43 EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

Insider Transactions at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total value of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by corporate insiders.

AGNC Investment 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.