Evergreen Capital Management LLC Acquires 1,565 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Evergreen Capital Management LLC raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 15.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,830 shares of the real estate investment trust’s stock after acquiring an additional 1,565 shares during the quarter. Evergreen Capital Management LLC’s holdings in AGNC Investment were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AGNC. EverSource Wealth Advisors LLC grew its stake in shares of AGNC Investment by 333.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,116 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 6,243 shares during the period. Frank Rimerman Advisors LLC bought a new position in AGNC Investment during the second quarter worth about $437,000. Sei Investments Co. grew its position in shares of AGNC Investment by 2.6% during the 2nd quarter. Sei Investments Co. now owns 668,114 shares of the real estate investment trust’s stock worth $6,374,000 after buying an additional 17,240 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of AGNC Investment in the 2nd quarter valued at about $112,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $157,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Up 1.2 %

Shares of AGNC Investment stock opened at $10.53 on Friday. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $9.85. The firm has a market cap of $7.65 billion, a PE ratio of 11.57 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. On average, analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 13.68%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s payout ratio is 158.24%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada increased their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Janney Montgomery Scott began coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.33.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

AGNC Investment 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).