201,433 Shares in AGNC Investment Corp. $AGNC Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to its most recent filing with the SEC. The firm bought 201,433 shares of the real estate investment trust’s stock, valued at approximately $2,196,000.

Several other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its holdings in AGNC Investment by 0.3% during 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 acquiring an additional 900 shares during the period. Wealthspire Advisors LLC grew its position in shares of AGNC Investment by 0.9% in the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the last quarter. Davidson Trust Co. increased its stake in shares of AGNC Investment by 4.4% in 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 period. Spinnaker Investment Group LLC increased its stake in shares of 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 lifted its position in shares of 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 worth $112,000 after purchasing an additional 1,046 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.90 on Friday. AGNC Investment Corp. has a twelve month low of $9.62 and a twelve month high of $12.19. The stock has a market cap of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32. The firm has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $10.69.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly 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 firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. Research analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company 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. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

Analyst Upgrades and Downgrades

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