AGNC Investment Corp. $AGNC Position Trimmed by Waterfront Wealth Inc.

Waterfront Wealth Inc. trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 46.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,461 shares of the real estate investment trust’s stock after selling 81,719 shares during the period. Waterfront Wealth Inc.’s holdings in AGNC Investment were worth $957,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AGNC. Vanguard Group Inc. boosted its holdings in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the period. International Assets Investment Management LLC increased its holdings in shares of AGNC Investment by 43.1% in the 4th quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock worth $5,216,000 after acquiring an additional 146,508 shares during the period. JPMorgan Chase & Co. lifted its position in AGNC Investment by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,429,581 shares of the real estate investment trust’s stock valued at $14,000,000 after purchasing an additional 325,104 shares during the last quarter. Trivium Point Advisory LLC boosted its stake in AGNC Investment by 18.9% during the 4th quarter. Trivium Point Advisory LLC now owns 1,355,114 shares of the real estate investment trust’s stock valued at $14,527,000 after purchasing an additional 215,586 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in AGNC Investment by 187.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after purchasing an additional 512,574 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AGNC shares. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Piper Sandler boosted their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Finally, UBS Group lifted their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.25.

AGNC Investment Stock Up 0.5%

AGNC Investment stock traded up $0.06 during trading hours on Friday, hitting $11.13. 12,142,136 shares of the company traded hands, compared to its average volume of 14,685,414. The firm has a market cap of $12.78 billion, a P/E ratio of 9.20 and a beta of 1.31. The firm’s 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $10.81. AGNC Investment Corp. has a 1-year low of $9.11 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The business had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. On average, equities research analysts predict that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.9%. AGNC Investment’s dividend payout ratio (DPR) is 119.01%.

Insiders Place Their Bets

In other news, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the sale, the director owned 96,471 shares in the company, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,234 shares of company stock worth $2,364,022 in the last three months. Company insiders own 0.40% of the company’s stock.

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.