AGNC Investment (NASDAQ:AGNC) CEO Peter Federico Sells 67,794 Shares of Company Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $8.87, for a total transaction of $601,332.78. Following the sale, the chief executive officer owned 1,846,083 shares in the company, valued at $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Stock Up 1.0%

Shares of NASDAQ:AGNC opened at $8.87 on Wednesday. The firm’s 50 day moving average price is $9.72 and its 200 day moving average price is $10.54. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 887.89 and a beta of 1.36. AGNC Investment Corp. has a fifty-two week low of $8.38 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date is Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 14,400.00%.

Wall Street Analyst Weigh In

AGNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Royal Bank Of Canada dropped their target price on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Barclays cut their price target on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Finally, Wells Fargo & Company decreased their price target on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average price target of $10.12.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in AGNC Investment in the second quarter valued at approximately $704,076,000. Equity Investment Corp acquired a new stake in AGNC Investment during the second quarter worth approximately $106,123,000. Bank of America Corp DE acquired a new stake in AGNC Investment during the second quarter worth approximately $77,501,000. Bank of New York Mellon Corp acquired a new stake in AGNC Investment during the second quarter worth approximately $40,182,000. Finally, Advisors Capital Management LLC acquired a new stake in AGNC Investment during the second quarter worth approximately $35,421,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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.