AGNC Investment (NASDAQ:AGNC) Director Gary Kain Sells 700,000 Shares

AGNC Investment Corp. (NASDAQ:AGNC) Director Gary Kain sold 700,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director directly owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AGNC Investment Stock Performance

AGNC stock traded down $0.57 on Friday, hitting $11.40. The company’s stock had a trading volume of 40,406,857 shares, compared to its average volume of 22,690,707. The firm has a 50 day moving average of $10.96 and a two-hundred day moving average of $10.25. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 8.14 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%.The business had revenue of $995.00 million for the quarter, compared to analyst estimates of $354.75 million. Equities analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.6%. AGNC Investment’s payout ratio is currently 102.86%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AGNC shares. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada lifted their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Hold” and an average price target of $11.03.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently modified their holdings of AGNC. Vanguard Group Inc. raised its stake in shares of AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AGNC Investment by 10.9% in the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after acquiring an additional 2,461,255 shares during the last quarter. State Street Corp increased its holdings in shares of AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares in the last quarter. Norges Bank acquired a new position in shares of AGNC Investment during the 2nd quarter worth approximately $109,814,000. Finally, Equity Investment Corp increased its stake in AGNC Investment by 1.8% during the 3rd quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after buying an additional 164,386 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

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.