Kenneth Pollack Sells 50,000 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) EVP Kenneth Pollack sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at $6,688,316.67. This trade represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

AGNC Investment Stock Performance

AGNC stock traded down $0.57 during midday trading 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 stock’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.25. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $12.19. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 8.14 and a beta of 1.36. 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 issued its earnings results 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). The firm had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current 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 given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Friday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Analyst Ratings Changes

AGNC has been the subject of several analyst reports. Royal Bank Of Canada raised their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research report on Thursday. Jones Trading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BTIG Research downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Finally, Piper Sandler raised their target price on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Hold” and a consensus target price of $11.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of AGNC Investment during the second quarter valued at approximately $109,814,000. SG Americas Securities LLC boosted its stake in shares of AGNC Investment by 19,632.0% during the fourth quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock valued at $33,320,000 after purchasing an additional 3,092,436 shares during the period. Geode Capital Management LLC grew its holdings in shares of AGNC Investment by 10.9% in the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock worth $229,990,000 after purchasing an additional 2,461,255 shares during the last quarter. Equity Investment Corp increased its stake in AGNC Investment by 27.0% in the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after buying an additional 1,995,369 shares during the period. Finally, State Street Corp lifted its holdings in 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 buying an additional 1,906,785 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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.