Sunbelt Securities Inc. Sells 7,904 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Sunbelt Securities Inc. decreased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,421 shares of the real estate investment trust’s stock after selling 7,904 shares during the period. Sunbelt Securities Inc.’s holdings in AGNC Investment were worth $806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fermata Advisors LLC grew its stake in shares of AGNC Investment by 53.0% during the 1st quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 8,039 shares during the period. Cooper Financial Group increased its stake in shares of AGNC Investment by 67.9% in the first quarter. Cooper Financial Group now owns 87,522 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 35,401 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of AGNC Investment by 11.9% in the first quarter. International Assets Investment Management LLC now owns 91,091 shares of the real estate investment trust’s stock valued at $893,000 after purchasing an additional 9,678 shares during the period. BTC Capital Management Inc. purchased a new stake in shares of AGNC Investment during the 1st quarter valued at approximately $119,000. Finally, Alaska Permanent Fund Corp boosted its holdings in AGNC Investment by 6.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 259,472 shares of the real estate investment trust’s stock worth $2,569,000 after buying an additional 16,837 shares during the period. 38.28% of the stock is owned by institutional investors.

AGNC Investment Trading Down 0.3 %

Shares of AGNC Investment stock opened at $9.64 on Friday. The company has a 50 day simple moving average of $9.61 and a two-hundred day simple moving average of $9.63. The firm has a market cap of $7.01 billion, a PE ratio of 10.59 and a beta of 1.47. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same period in the previous year, the business earned $0.70 earnings per share. Analysts expect that AGNC Investment Corp. will post 2.14 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a $0.12 dividend. The ex-dividend date is Thursday, June 27th. This represents a yield of 14.8%. AGNC Investment’s payout ratio is 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold a total of 15,900 shares of company stock valued at $149,030 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on AGNC. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Jonestrading cut their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Janney Montgomery Scott assumed coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.88.

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).