Weiss Asset Management LP Sells 116,220 Shares of AGNC Investment Corp. $AGNC

Weiss Asset Management LP lessened its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,223 shares of the real estate investment trust’s stock after selling 116,220 shares during the quarter. Weiss Asset Management LP’s holdings in AGNC Investment were worth $594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avion Wealth raised 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 valued at $27,000 after buying an additional 2,021 shares during the last quarter. Sound Income Strategies LLC grew its holdings in AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the last quarter. WealthCollab LLC purchased a new position in shares of AGNC Investment in the third quarter valued at about $33,000. National Bank of Canada FI increased its position 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 acquiring an additional 1,690 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at about $33,000. Institutional investors own 38.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a report on Friday, July 17th. Wells Fargo & Company cut their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reissued 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. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.11.

Insider Activity

In other news, Director Donna Blank sold 22,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Trading Up 0.5%

NASDAQ:AGNC opened at $10.64 on Tuesday. The company has a 50-day moving average price of $10.61 and a 200-day moving average price of $10.81. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 5.60 and a beta of 1.31. AGNC Investment Corp. has a 12 month low of $9.31 and a 12 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, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned ($0.17) earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 1.59 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. AGNC Investment’s dividend payout ratio is 75.79%.

AGNC Investment Company 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.