Waterfront Wealth Inc. Grows Position in AGNC Investment Corp. $AGNC

Waterfront Wealth Inc. lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 38.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 176,607 shares of the real estate investment trust’s stock after purchasing an additional 49,219 shares during the quarter. Waterfront Wealth Inc.’s holdings in AGNC Investment were worth $1,796,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AGNC. Atlantic Union Bankshares Corp purchased a new stake in AGNC Investment during the third quarter worth approximately $29,000. Bogart Wealth LLC boosted its position in 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 period. WFA of San Diego LLC acquired a new stake in AGNC Investment in the 2nd quarter valued at $37,000. Huntington National Bank increased its holdings in AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,199 shares in the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new position in AGNC Investment in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Barclays upped their target price on shares of AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada lifted their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Stock Performance

AGNC Investment stock opened at $11.44 on Monday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $12.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.27 billion, a P/E ratio of 8.17 and a beta of 1.37. The stock has a 50 day moving average of $11.08 and a 200-day moving average of $10.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The company had revenue of $995.00 million during the quarter, compared to analyst estimates of $354.75 million. On average, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.6%. AGNC Investment’s dividend payout ratio (DPR) is presently 102.86%.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total transaction of $303,500.00. Following the transaction, the executive vice president owned 491,728 shares of the company’s stock, valued at $5,969,577.92. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the sale, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This trade represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 775,000 shares of company stock worth $9,246,000. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment 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.