AGNC Investment Corp. (NASDAQ:AGNC) Director Davis Morris A. has sold a total of 16,209 shares of the company's common stock, par value $0.01 per share, for a total transaction value of $151,067. The shares were sold on April 24, 2024, at a price of $9.32 per share.
The sale was disclosed in a filing with the Securities and Exchange Commission (SEC) on April 25, 2024. Following the transaction, Davis Morris A. continues to own 62,240.946 shares of AGNC Investment Corp., which suggests a continued vested interest in the company's performance.
AGNC Investment Corp. is a real estate investment trust (REIT) that focuses on investing in residential mortgage-backed securities. The sale by a director may be of interest to investors who track insider transactions as potential indicators of a company's future performance.
Investors and stakeholders in AGNC Investment Corp. can access the details of this transaction and other filings with the SEC to stay informed about the investment actions of the company's directors and other insiders.
InvestingPro Insights
Amid the recent insider transaction at AGNC Investment Corp., investors may find the following InvestingPro Data and InvestingPro Tips particularly enlightening. AGNC's market capitalization stands at a robust $6.66 billion, reflecting a significant presence in the real estate investment trust market. The company's P/E ratio is currently 9.6, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 10.65, indicating a reasonable valuation compared to earnings.
The revenue growth for AGNC has been notably strong, with a surge of 237.72% over the last twelve months as of Q1 2024. This is further bolstered by an extraordinary quarterly revenue growth of 462.02% in Q1 2024. Such growth metrics are crucial for investors considering the company's potential for sustained profitability and expansion.
Investors looking for income-generating investments may be particularly interested in AGNC's dividend profile. According to InvestingPro Tips, the company not only pays a significant dividend to shareholders, but it has also maintained dividend payments for 17 consecutive years. With a current dividend yield of 15.38%, AGNC stands out as a potentially attractive option for dividend seekers.
For those seeking additional insights and analysis on AGNC Investment Corp., there are more InvestingPro Tips available, including expectations of net income growth this year and sales growth in the current year. Furthermore, four analysts have revised their earnings estimates upwards for the upcoming period, signaling potential optimism about the company's financial prospects. Those interested can explore additional tips on InvestingPro to gain a more comprehensive understanding of AGNC's financial health and future outlook. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription for even more valuable insights.
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