5 Best High-Yield Monthly Dividend Stocks to Buy

3. AGNC Investment Corp. (NASDAQ: AGNC)

Number of Hedge Fund Holders: 18
Dividend Yield: 8.91%

AGNC Investment Corp. (NASDAQ: AGNC) is a US-based real estate investment trust. It ranks 3rd on our list of the best high-yield monthly dividend stocks to buy.

This June, Piper Sandler kept its Overweight rating on AGNC Investment Corp. (NASDAQ: AGNC) shares alongside an $18.50 price target. Analyst Kevin Barker also made positive comments regarding the safety of the company’s dividend yield in light of a positive earnings report.

In the first quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.13. The company’s revenue was $528 million, up 712.31% year over year and beating estimates by $244.78 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained about 2.34% in the past 6 months and 5% year to date.

By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.