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

Innova Wealth Partners boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 53.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,022 shares of the real estate investment trust’s stock after buying an additional 51,414 shares during the period. Innova Wealth Partners’ holdings in AGNC Investment were worth $1,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wealthspire Advisors LLC increased its stake in AGNC Investment by 0.9% in the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after acquiring an additional 907 shares during the last quarter. Choreo LLC grew its holdings in shares of AGNC Investment by 5.0% during the third quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 985 shares in the last quarter. Davidson Trust Co. grew its holdings in shares of AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 985 shares in the last quarter. Lido Advisors LLC increased its position in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

Shares of AGNC opened at $10.80 on Thursday. AGNC Investment Corp. has a 1 year low of $9.11 and a 1 year high of $12.19. The stock has a 50 day simple moving average of $10.54 and a two-hundred day simple moving average of $10.78. The firm has a market cap of $12.40 billion, a P/E ratio of 8.93 and a beta of 1.31.

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

AGNC Investment Dividend Announcement

The firm also recently declared 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. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Tuesday, June 30th. AGNC Investment’s dividend payout ratio is presently 119.01%.

Insider Transactions at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the firm’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 transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This trade represents a 3.23% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated 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 in the company, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 215,234 shares of company stock worth $2,364,022 over the last ninety days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AGNC. Piper Sandler reiterated an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. UBS Group raised 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. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.06.

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.