AGNC Investment Corp, a leading real estate investment trust, is set to pay dividends to its stockholders of record on Wednesday, May 31st. The ex-dividend date for the payment is Tuesday, May 30th. The dividend payout of $0.12 per share represents a dividend yield of 15.7%. AGNC Investment’s current dividend payout ratio sits at -92.31%.
In tandem with the announcement regarding dividends, Director Gary D. Kain sold 350,000 shares of AGNC Investment stock on Wednesday, May 10th for an average price of $9.30 equating to a total transaction value of $3,255,000.00. Following the sale, the director retained 1,807,479 shares in the company worth approximately $16,809,554.
Moreover during Q4-2016 Sowell Financial Services LLC acquired a new position in AGNC Investment Corp acquiring 65,277 shares valued at nearly $683k.
AGNC has done fairly well and continues to return a profit; however recent insider selling isn’t necessarily encouraging news as it reduces confidence within investors and could potentially lead them to follow suit out of precautionary measures.
The filed disclosure with SEC provides comprehensive insight into AGNC’s activities available here https://www.sec.gov/edgar/searchedgar/companysearch.html
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AGNC Investment Corp Attracts Attention from Hedge Funds and Institutional Investors
AGNC Investment Corp, a real estate investment trust listed on the NASDAQ exchange, has recently attracted significant attention from hedge funds and institutional investors looking to change their positions. Raymond James Financial Services Advisors Inc. has raised its stake in AGNC by a substantial 50.5%, whilst US Bancorp DE and Sei Investments Co have increased their shares by 68.9% and 2.3% respectively.
A new investor to AGNC is MetLife Investment Management LLC who acquired an initial stake worth approximately $137,000 during Q1 of this year. Meanwhile, Yousif Capital Management LLC grew its stake in AGNC by 5.2%.
The addition of the new institutional investors has led investors to pay close attention to the reports issued by equity research analysts who have rated the stock as a “Moderate Buy”. Reports suggest that although Argus has lowered its rating from “buy” to “hold”, Maxim Group, JPMorgan Chase & Co., Barclays and Royal Bank of Canada all maintain their “buy” or “outperform” ratings.
Stockholders will be pleased to hear that despite negative EPS ratio for its recent dividend, which displayed -92.31%, AGNC has announced it will issue a dividend of $0.12 per share, providing shareholders with a healthy yield of 15.7%. The ex-dividend date is May 30th with the dividend payout occurring on June 9th for those recorded as stockholders on May 31st.
As at writing (May 16th), AGNC shares began trading at $9.12 on the NASDAQ exchange setting off at $7.30 in the last year but rising up to $12.89 before settling lower around $10 throughout this year so far.
AGNC Investment recently posted its latest quarterly earnings which showed positive results that exceeded analyst expectations; in particular they outperformed on predicted EPS values with $0.70 delivered against anticipated values of $0.65 a sizeable growth of 29.26%. The company’s revenue was lower than expected, however, and was down 21.7% compared to Q1 results last year; market analysts predict AGNC Investment Corp will post EPS earnings of 2.33 for this fiscal year.
As the company continues to attract attention from hedge funds and investors alike, future growth is expected to be at the forefront of discussion points with important decisions on equity positions likely to occur if additional share buybacks get announced by AGNC in the coming quarters.
