AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Aveo Capital Partners LLC

Aveo Capital Partners LLC lessened its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,281 shares of the real estate investment trust’s stock after selling 2,102 shares during the quarter. Aveo Capital Partners LLC’s holdings in AGNC Investment were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new position in AGNC Investment in the 1st quarter worth about $38,000. Verity & Verity LLC acquired a new position in AGNC Investment in the 1st quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in AGNC Investment in the 1st quarter worth about $53,000. Montag A & Associates Inc. acquired a new position in AGNC Investment in the 4th quarter worth about $55,000. Finally, Covestor Ltd raised its holdings in AGNC Investment by 905.7% in the 1st quarter. Covestor Ltd now owns 6,849 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 6,168 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC stock opened at $10.17 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $9.76. The firm has a market capitalization of $7.96 billion, a PE ratio of 11.18 and a beta of 1.48. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.57.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Equities research analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 14.5%. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.13.

AGNC Investment Company Profile

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).