Morris A. Davis Sells 6,797 Shares of AGNC Investment Corp. (AGNC) Stock

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AGNC Investment Corp. (NASDAQ:AGNC) Director Morris A. Davis sold 6,797 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

AGNC stock opened at $19.18 on Friday. AGNC Investment Corp. has a 1-year low of $17.84 and a 1-year high of $21.94. The company has a market capitalization of $9.14 billion, a PE ratio of 7.80 and a beta of 0.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.29 and a current ratio of 0.29.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 11.69% and a net margin of 134.01%. The company had revenue of $177.00 million for the quarter, compared to analyst estimates of $274.15 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. analysts forecast that AGNC Investment Corp. will post 2.44 earnings per share for the current year.

The firm also recently announced a aug 18 dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Friday, August 31st will be issued a $0.18 dividend. The ex-dividend date is Thursday, August 30th. AGNC Investment’s payout ratio is currently 87.80%.

Several equities analysts recently issued reports on the company. Maxim Group boosted their price target on AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. boosted their price target on AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a research note on Monday, July 23rd. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. Finally, ValuEngine lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. AGNC Investment currently has an average rating of “Hold” and a consensus target price of $19.46.

Several institutional investors and hedge funds have recently made changes to their positions in AGNC. Qube Research & Technologies Ltd acquired a new position in shares of AGNC Investment in the 2nd quarter worth approximately $127,000. CIBC Private Wealth Group LLC boosted its holdings in shares of AGNC Investment by 6,645.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 7,974 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of AGNC Investment by 44.5% in the 1st quarter. Victory Capital Management Inc. now owns 9,491 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 2,924 shares in the last quarter. Signaturefd LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth approximately $185,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of AGNC Investment in the 2nd quarter worth approximately $192,000. 57.68% of the stock is currently owned by institutional investors and hedge funds.

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).

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