Renaissance Technologies LLC Reduces Stock Position in AGNC Investment Corp. $AGNC

Renaissance Technologies LLC lessened its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 73.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,844,929 shares of the real estate investment trust’s stock after selling 5,016,750 shares during the period. Renaissance Technologies LLC’s holdings in AGNC Investment were worth $18,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AGNC. Inceptionr LLC acquired a new stake in shares of AGNC Investment in the first quarter worth $362,000. Gibbs Wealth Management acquired a new position in AGNC Investment during the first quarter valued at $128,000. Sei Investments Co. lifted its position in AGNC Investment by 12.1% during the first quarter. Sei Investments Co. now owns 472,417 shares of the real estate investment trust’s stock valued at $4,738,000 after purchasing an additional 50,909 shares during the period. Lido Advisors LLC boosted its holdings in AGNC Investment by 588.5% in the first quarter. Lido Advisors LLC now owns 76,781 shares of the real estate investment trust’s stock valued at $780,000 after purchasing an additional 65,629 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in AGNC Investment during the 1st quarter worth about $201,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on AGNC shares. Wells Fargo & Company dropped their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Piper Sandler upped their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. UBS Group raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.11.

Insider Activity

In related news, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

AGNC Investment Trading Up 0.2%

AGNC stock opened at $10.92 on Friday. AGNC Investment Corp. has a 12-month low of $9.31 and a 12-month high of $12.19. The business’s 50-day moving average is $10.66 and its 200 day moving average is $10.81. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 5.75 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same period in the prior year, the company earned ($0.17) EPS. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s payout ratio is 75.79%.

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.