GraniteShares Advisors LLC Lowers Position in AGNC Investment Corp. $AGNC

GraniteShares Advisors LLC trimmed its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,810 shares of the real estate investment trust’s stock after selling 84,098 shares during the quarter. GraniteShares Advisors LLC’s holdings in AGNC Investment were worth $2,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new position in AGNC Investment during the 4th quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AGNC Investment in the 3rd quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of AGNC Investment by 110.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,708 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,690 shares in the last quarter. Finally, WealthCollab LLC acquired a new position in AGNC Investment during the third quarter worth $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Activity

In other news, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director owned 2,189,091 shares of the company’s stock, valued at $26,072,073.81. This represents a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 775,000 shares of company stock worth $9,246,000 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent analyst reports. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. JonesTrading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Piper Sandler decreased their price objective on shares of AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company upped their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.91.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.15 on Friday. The stock has a market cap of $11.40 billion, a P/E ratio of 7.25 and a beta of 1.38. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a fifty-two week low of $7.85 and a fifty-two week high of $12.19. The business has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $10.61.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. On average, analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a $0.12 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 14.2%. AGNC Investment’s dividend payout ratio is currently 102.86%.

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.