Innova Wealth Partners Purchases 51,414 Shares of AGNC Investment Corp. $AGNC

Innova Wealth Partners raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 53.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 148,022 shares of the real estate investment trust’s stock after purchasing an additional 51,414 shares during the quarter. Innova Wealth Partners’ holdings in AGNC Investment were worth $1,485,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of AGNC Investment by 1.4% in 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. Geode Capital Management LLC grew its stake in shares of AGNC Investment by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp grew its stake in shares of AGNC Investment by 6.4% in the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Norges Bank purchased a new position in AGNC Investment during the 4th quarter valued at about $141,830,000. Finally, Morgan Stanley raised its position in AGNC Investment by 24.3% during the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after purchasing an additional 1,462,468 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Buying and Selling at AGNC Investment

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

Analyst Ratings Changes

Several equities research analysts have weighed in on AGNC shares. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada restated an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Piper Sandler reiterated an “overweight” rating on shares of AGNC Investment in a report on Thursday, June 4th. Finally, UBS Group boosted their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.06.

AGNC Investment Stock Performance

AGNC stock opened at $10.80 on Thursday. AGNC Investment Corp. has a fifty-two week low of $9.11 and a fifty-two week high of $12.19. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 8.93 and a beta of 1.31. The business’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $10.78.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The company had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. Sell-side analysts forecast that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.3%. AGNC Investment’s dividend payout ratio (DPR) is currently 119.01%.

AGNC Investment 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.