Southland Equity Partners LLC Grows Stock Holdings in AGNC Investment Corp. $AGNC

Southland Equity Partners LLC lifted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 627.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 154,182 shares of the real estate investment trust’s stock after buying an additional 132,996 shares during the quarter. Southland Equity Partners LLC’s holdings in AGNC Investment were worth $1,653,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in AGNC Investment during the 2nd quarter worth $109,814,000. SG Americas Securities LLC lifted 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 worth $33,320,000 after purchasing an additional 3,092,436 shares in the last quarter. State Street Corp boosted its position in shares of AGNC Investment by 12.9% in the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares during the period. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 1.7% in the third quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after buying an additional 1,591,465 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of AGNC Investment by 20.2% in the third quarter. Victory Capital Management Inc. now owns 7,111,656 shares of the real estate investment trust’s stock valued at $69,623,000 after buying an additional 1,192,975 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AGNC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. JonesTrading downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BTIG Research lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Piper Sandler boosted their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada upped their target price on shares of AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Hold” and a consensus target price of $11.03.

Insider Transactions at AGNC Investment

In other news, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares of the company’s stock, valued at approximately $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. This trade represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 775,000 shares of company stock valued at $9,246,000. 0.40% of the stock is currently owned by corporate insiders.

AGNC Investment Trading Down 1.5%

NASDAQ:AGNC opened at $9.69 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19. The business’s 50-day simple moving average is $11.06 and its 200 day simple moving average is $10.61. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 6.92 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. As a group, sell-side analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s dividend payout ratio is 102.86%.

About AGNC Investment

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.