Van ECK Associates Corp Has $38.28 Million Stake in AGNC Investment Corp. $AGNC

Van ECK Associates Corp increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,909,790 shares of the real estate investment trust’s stock after acquiring an additional 48,510 shares during the quarter. Van ECK Associates Corp owned approximately 0.36% of AGNC Investment worth $38,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of AGNC Investment in the 3rd quarter valued at about $29,000. WFA of San Diego LLC acquired a new position in AGNC Investment during the 2nd quarter worth approximately $37,000. Wealth Preservation Advisors LLC bought a new position in AGNC Investment in the second quarter worth approximately $46,000. VSM Wealth Advisory LLC grew its stake in AGNC Investment by 42.8% in the second quarter. VSM Wealth Advisory LLC now owns 5,166 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,549 shares during the period. Finally, Fourth Dimension Wealth LLC grew its stake in AGNC Investment by 78.6% in the third quarter. Fourth Dimension Wealth LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 2,200 shares during the period. 38.28% of the stock is owned by institutional investors.

Insider Activity at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 50,000 shares of AGNC Investment stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bernice Bell sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the transaction, the executive vice president directly owned 491,728 shares in the company, valued at approximately $5,969,577.92. This represents a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 775,000 shares of company stock valued at $9,246,000. 0.42% of the stock is owned by insiders.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.67 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a 50-day moving average of $11.34 and a 200-day moving average of $10.60. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19. The company has a market cap of $11.98 billion, a P/E ratio of 7.62 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. Equities research analysts forecast 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 was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend was Friday, February 27th. AGNC Investment’s dividend payout ratio (DPR) is presently 102.86%.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Piper Sandler lifted their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. Wells Fargo & Company raised their price target on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average price target of $11.03.

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.