Sage Mountain Advisors LLC Invests $1.60 Million in AGNC Investment Corp. $AGNC

Sage Mountain Advisors LLC bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 162,974 shares of the real estate investment trust’s stock, valued at approximately $1,596,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. boosted its stake in shares of AGNC Investment by 59.0% during the second quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock worth $1,668,000 after buying an additional 67,355 shares during the period. Bogart Wealth LLC lifted its holdings in shares of AGNC Investment by 78.0% during the second quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,600 shares during the period. Global Retirement Partners LLC purchased a new position in AGNC Investment in the 2nd quarter valued at $325,000. Delphi Financial Group Inc. purchased a new position in AGNC Investment in the 2nd quarter valued at $574,000. Finally, Quantbot Technologies LP acquired a new position in AGNC Investment in the 2nd quarter valued at $6,170,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Peter J. Federico sold 45,798 shares of AGNC Investment stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Piper Sandler lifted their price objective on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $10.50 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Jones Trading reissued a “buy” rating and set a $10.00 target price on shares of AGNC Investment in a research note on Tuesday, October 21st. Finally, Barclays lifted their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.41.

AGNC Investment Price Performance

AGNC Investment stock opened at $11.72 on Tuesday. The firm has a market capitalization of $12.57 billion, a PE ratio of 17.50 and a beta of 1.36. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $11.93. The firm’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $10.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.During the same quarter in the previous year, the firm posted $0.43 EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

AGNC Investment Company 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.