AGNC Investment Corp. (NASDAQ:AGNC) EVP Sean Reid Purchases 11,000 Shares

AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) EVP Sean Reid bought 11,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $8.91 per share, for a total transaction of $98,010.00. Following the acquisition, the executive vice president now owns 11,000 shares of the company’s stock, valued at $98,010. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

AGNC Investment Stock Up 0.2 %

Shares of AGNC opened at $8.77 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $10.26. AGNC Investment Corp. has a 12-month low of $7.30 and a 12-month high of $12.89.

AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $351.00 million for the quarter, compared to analyst estimates of $419.83 million. AGNC Investment had a negative net margin of 49.78% and a positive return on equity of 29.22%. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Sell-side analysts expect that AGNC Investment Corp. will post 2.36 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a may 23 dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a yield of 15.7%. AGNC Investment’s dividend payout ratio (DPR) is -92.31%.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Raymond James Financial Services Advisors Inc. grew its position in AGNC Investment by 50.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,983 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 15,758 shares during the last quarter. US Bancorp DE grew its position in AGNC Investment by 68.9% in the 1st quarter. US Bancorp DE now owns 29,371 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 11,982 shares during the last quarter. MetLife Investment Management LLC purchased a new position in AGNC Investment in the 1st quarter valued at $137,000. Yousif Capital Management LLC grew its position in AGNC Investment by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 36,096 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 1,775 shares during the last quarter. Finally, Sei Investments Co. grew its position in AGNC Investment by 2.3% in the 1st quarter. Sei Investments Co. now owns 517,988 shares of the real estate investment trust’s stock valued at $6,757,000 after buying an additional 11,711 shares during the last quarter. 40.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGNC. Piper Sandler reduced their target price on shares of AGNC Investment from $12.00 to $11.00 in a report on Monday, April 3rd. Maxim Group raised their target price on shares of AGNC Investment from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Argus cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Barclays cut their price objective on shares of AGNC Investment from $11.00 to $10.00 in a report on Wednesday, April 26th. Finally, StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average target price of $10.69.

AGNC Investment Company Profile

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AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).