AGNC Investment (NASDAQ:AGNC) CEO Sells $602,688.66 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $8.89, for a total value of $602,688.66. Following the completion of the transaction, the chief executive officer owned 1,913,877 shares in the company, valued at $17,014,366.53. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Up 1.0%

AGNC stock opened at $8.95 on Friday. The business has a fifty day moving average of $9.63 and a two-hundred day moving average of $10.51. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 895.90 and a beta of 1.36. AGNC Investment Corp. has a 52-week low of $8.38 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.1%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 14,400.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GraniteShares Advisors LLC lifted its position in shares of AGNC Investment by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 261,960 shares of the real estate investment trust’s stock worth $2,376,000 after purchasing an additional 4,050 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in shares of AGNC Investment by 11.6% in the third quarter. Traynor Capital Management Inc. now owns 19,278 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 2,001 shares during the period. Profund Advisors LLC acquired a new position in shares of AGNC Investment in the third quarter valued at approximately $224,000. ProShare Advisors LLC acquired a new position in shares of AGNC Investment in the third quarter valued at approximately $409,000. Finally, MGO One Seven LLC grew its holdings in shares of AGNC Investment by 15.8% in the third quarter. MGO One Seven LLC now owns 26,477 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 3,605 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Piper Sandler dropped their price target on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Weiss Ratings downgraded shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and a consensus target price of $10.12.

About AGNC Investment

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.