Brookstone Capital Management Sells 71,983 Shares of AGNC Investment Corp. $AGNC

Brookstone Capital Management reduced its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 75.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,885 shares of the real estate investment trust’s stock after selling 71,983 shares during the quarter. Brookstone Capital Management’s holdings in AGNC Investment were worth $210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of AGNC Investment by 78.0% in the second quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,600 shares in the last quarter. KBC Group NV increased its holdings in shares of AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 3,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in AGNC Investment by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 7,650 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $1,240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of AGNC Investment by 75.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,257 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Activity

In related news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the transaction, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Jones Trading reissued a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a report on Tuesday, October 21st. Royal Bank Of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, UBS Group raised their price objective on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.18.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.19 on Wednesday. The company has a market capitalization of $10.62 billion, a P/E ratio of 15.21 and a beta of 1.32. The company has a fifty day moving average of $9.99 and a 200-day moving average of $9.44. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 19.44%. The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $466.39 million. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s dividend payout ratio is currently 214.93%.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).