Diversify Advisory Services LLC Buys New Shares in AGNC Investment Corp. $AGNC

Diversify Advisory Services LLC purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, HoldingsChannel.com reports. The firm purchased 87,741 shares of the real estate investment trust’s stock, valued at approximately $934,000.

A number of other large investors also recently modified their holdings of AGNC. Wealthfront Advisers LLC purchased a new position in shares of AGNC Investment in the second quarter valued at about $325,000. Equity Investment Corp purchased a new stake in AGNC Investment during the second quarter valued at $106,123,000. Meeder Advisory Services Inc. purchased a new position in shares of AGNC Investment in the 2nd quarter worth $270,000. BlackRock Inc. bought a new stake in shares of AGNC Investment in the 2nd quarter worth about $704,076,000. Finally, Deutsche Bank AG purchased a new stake in shares of AGNC Investment during the 2nd quarter valued at about $1,645,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AGNC shares. Weiss Ratings raised shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group upped their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Four 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, AGNC Investment has an average rating of “Hold” and an average price target of $11.11.

AGNC Investment Price Performance

AGNC Investment stock opened at $11.08 on Thursday. The firm has a market capitalization of $13.14 billion, a P/E ratio of 5.83 and a beta of 1.32. AGNC Investment Corp. has a 1-year low of $9.62 and a 1-year high of $12.19. The company’s 50-day moving average is $10.81 and its 200 day moving average is $10.71.

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. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the previous year, the business earned ($0.17) earnings per share. Research analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors 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) dividend on an annualized basis and a yield of 13.0%. AGNC Investment’s payout ratio is presently 75.79%.

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.