Genesis Wealth Advisors LLC Makes New Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Genesis Wealth Advisors LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,995 shares of the real estate investment trust’s stock, valued at approximately $129,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGNC. CIBC Asset Management Inc lifted its holdings in shares of AGNC Investment by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 1,075 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of AGNC Investment by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 1,150 shares during the period. Garden State Investment Advisory Services LLC lifted its holdings in shares of AGNC Investment by 10.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,176 shares during the period. Hollencrest Capital Management increased its stake in AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in AGNC Investment by 4.2% in the 3rd quarter. Harbour Investments Inc. now owns 34,618 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 1,391 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGNC has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Finally, Argus upgraded AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Insider Buying and Selling

In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was 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 in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value 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. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

AGNC Investment Trading Up 0.1 %

Shares of AGNC opened at $10.54 on Monday. The stock’s 50-day moving average is $9.72 and its two-hundred day moving average is $9.91. The stock has a market cap of $9.33 billion, a PE ratio of 10.87 and a beta of 1.48. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data 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 return on equity of 21.92% and a net margin of 29.26%. Equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors 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 of this dividend is Friday, February 28th. AGNC Investment’s dividend payout ratio (DPR) is 148.46%.

About AGNC Investment

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).