GraniteShares Advisors LLC Takes $2.47 Million Position in AGNC Investment Corp. (NASDAQ:AGNC)

GraniteShares Advisors LLC acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 268,168 shares of the real estate investment trust’s stock, valued at approximately $2,470,000. AGNC Investment comprises approximately 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors have also recently modified their holdings of AGNC. CIBC Asset Management Inc grew its position in AGNC Investment by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 1,075 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 1,150 shares during the last quarter. Garden State Investment Advisory Services LLC grew its position in AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 1,176 shares during the last quarter. Hollencrest Capital Management grew its position in AGNC Investment by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock worth $2,327,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in AGNC Investment by 4.2% during the 3rd quarter. Harbour Investments Inc. now owns 34,618 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 1,391 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AGNC. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

AGNC Investment Trading Up 0.3 %

AGNC opened at $10.53 on Wednesday. The stock has a market cap of $9.32 billion, a PE ratio of 10.85 and a beta of 1.48. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $9.76 and a 200-day moving average of $9.91. AGNC Investment Corp. has a 52 week low of $8.92 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Friday, February 28th will be paid a $0.12 dividend. This represents a dividend yield of 13.8%. The ex-dividend date is Friday, February 28th. AGNC Investment’s payout ratio is presently 148.45%.

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).