AGNC Investment Corp. $AGNC Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 31.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,633,608 shares of the real estate investment trust’s stock after selling 1,219,988 shares during the quarter. First Trust Advisors LP owned 0.25% of AGNC Investment worth $24,203,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Red Tortoise LLC lifted its stake in AGNC Investment by 377.4% in the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 2,185 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of AGNC Investment in the 1st quarter valued at approximately $34,000. Trust Co. of Vermont raised its holdings in shares of AGNC Investment by 1,003.0% in the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,300 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of AGNC Investment by 78.0% during the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,199 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Trading Up 0.4%

AGNC opened at $10.38 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.67. The business’s 50 day moving average is $10.20 and its two-hundred day moving average is $9.77. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 15.49 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results 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). The business had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.During the same quarter last year, the business posted $0.43 earnings per share. On average, research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 13.9%. AGNC Investment’s payout ratio is currently 214.93%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Monday. Jones Trading reaffirmed a “buy” rating and issued a $10.00 price target on shares of AGNC Investment in a report on Tuesday, October 21st. Royal Bank Of Canada increased their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler raised their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.18.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the sale, the chief executive officer owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

AGNC Investment Profile

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).