Odyssean LLC Takes Position in AGNC Investment Corp. $AGNC

Odyssean LLC bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 120,735 shares of the real estate investment trust’s stock, valued at approximately $1,316,000.

A number of other hedge funds also recently modified their holdings of AGNC. BlackRock Inc. acquired a new position in AGNC Investment in the second quarter valued at about $704,076,000. Geode Capital Management LLC grew its stake in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after buying an additional 1,596,244 shares in the last quarter. State Street Corp grew its stake in AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after buying an additional 1,090,374 shares in the last quarter. Norges Bank bought a new position in AGNC Investment in the 4th quarter valued at about $141,830,000. Finally, Equity Investment Corp bought a new position in AGNC Investment in the 2nd quarter valued at about $106,123,000. Institutional investors own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

AGNC Investment Trading Down 0.1%

Shares of AGNC Investment stock opened at $10.65 on Friday. The firm has a market capitalization of $12.63 billion, a PE ratio of 5.61 and a beta of 1.32. The firm’s 50 day moving average is $10.89 and its 200 day moving average is $10.67. AGNC Investment Corp. has a 1 year low of $9.63 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued 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 business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter in the prior year, the firm earned ($0.17) EPS. As a group, research analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. AGNC Investment’s dividend payout ratio is 75.79%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Piper Sandler upped their target price on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Hold” and an average price target of $11.11.

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.