Insider Selling: AGNC Investment (NASDAQ:AGNC) Director Sells $237,160.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Donna Blank sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $10.86 on Friday. AGNC Investment Corp. has a 52-week low of $8.65 and a 52-week high of $12.19. The stock has a fifty day moving average of $10.56 and a 200 day moving average of $10.73. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 8.98 and a beta of 1.35.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. Equities analysts forecast that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Investors of record on Friday, May 29th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Friday, May 29th. AGNC Investment’s dividend payout ratio is 119.01%.

Analyst Ratings Changes

AGNC has been the subject of several research analyst reports. 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 research report on Thursday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, JonesTrading cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Vanguard Group Inc. lifted its holdings in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after acquiring an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp raised its position in AGNC Investment by 6.4% in the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank purchased a new position in AGNC Investment in the 4th quarter worth $141,830,000. Finally, Equity Investment Corp lifted its stake in AGNC Investment by 1.8% in the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock worth $93,542,000 after purchasing an additional 164,386 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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.