Centaurus Financial Inc. Takes Position in AGNC Investment Corp. $AGNC

Centaurus Financial Inc. purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 48,033 shares of the real estate investment trust’s stock, valued at approximately $524,000.

A number of other hedge funds have also bought and sold shares of the company. Danske Bank A S bought a new stake in AGNC Investment in the second quarter valued at about $26,000. Avion Wealth lifted its holdings in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the 2nd quarter worth approximately $28,000. Osbon Capital Management LLC acquired a new position in shares of AGNC Investment in the 2nd quarter worth approximately $28,000. Finally, National Bank of Canada FI grew its position in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGNC. Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Keefe, Bruyette & Woods decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Finally, Piper Sandler increased their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.11.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

AGNC Investment Trading Down 0.4%

Shares of AGNC Investment stock opened at $10.90 on Friday. The business’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $10.69. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. AGNC Investment Corp. has a twelve month low of $9.62 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted ($0.17) EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

About AGNC Investment

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.