Oak Thistle LLC Takes Position in AGNC Investment Corp. $AGNC

Oak Thistle LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 72,843 shares of the real estate investment trust’s stock, valued at approximately $713,000.

A number of other hedge funds also recently added to or reduced their stakes in AGNC. Brighton Jones LLC grew its stake in shares of AGNC Investment by 7.2% in the second quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,064 shares in the last quarter. Huntington National Bank boosted its holdings in AGNC Investment by 32.2% in the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,199 shares during the period. MAI Capital Management boosted its holdings in AGNC Investment by 1.8% in the second quarter. MAI Capital Management now owns 67,245 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 1,206 shares during the period. CreativeOne Wealth LLC grew its stake in AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 1,237 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,256 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Trading Up 0.9%

NASDAQ:AGNC opened at $10.66 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $11.44 billion, a PE ratio of 15.91 and a beta of 1.36. The stock’s 50 day moving average price is $10.26 and its 200 day moving average price is $9.84. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.74.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $836.00 million during the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same quarter last year, the company earned $0.43 EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 13.5%. AGNC Investment’s dividend payout ratio is currently 214.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AGNC. Jones Trading reiterated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. Piper Sandler lifted their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.32.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of AGNC Investment stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

AGNC Investment Profile

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.