AGNC Investment Corp. $AGNC Shares Newly Bought by Retirement Systems of Alabama

Retirement Systems of Alabama acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,611,365 shares of the real estate investment trust’s stock, valued at approximately $14,615,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fulcrum Asset Management LLP bought a new position in AGNC Investment during the 3rd quarter valued at about $323,000. Allspring Global Investments Holdings LLC boosted its stake in AGNC Investment by 628.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,119,593 shares of the real estate investment trust’s stock worth $18,970,000 after purchasing an additional 1,828,751 shares in the last quarter. FWG Investments LLC. acquired a new stake in shares of AGNC Investment in the third quarter valued at $98,000. M Holdings Securities Inc. bought a new position in shares of AGNC Investment in the third quarter valued at about $201,000. Finally, 180 Wealth Advisors LLC grew its holdings in AGNC Investment by 21.7% during the 3rd quarter. 180 Wealth Advisors LLC now owns 26,900 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 4,799 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 3.3%

Shares of AGNC stock opened at $8.20 on Friday. AGNC Investment Corp. has a 12-month low of $8.19 and a 12-month high of $12.19. The firm has a fifty day moving average of $9.20 and a 200-day moving average of $10.36. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 820.82 and a beta of 1.40.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. Research analysts expect that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Monday, November 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date is Monday, November 30th. AGNC Investment’s payout ratio is 14,400.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGNC. Royal Bank Of Canada reduced their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Weiss Ratings lowered AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.12.

Insiders Place Their Bets

In other news, CEO Peter Federico sold 67,794 shares of AGNC Investment stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $8.87, for a total value of $601,332.78. Following the sale, the chief executive officer directly owned 1,846,083 shares in the company, valued at $16,374,756.21. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by company insiders.

About AGNC Investment

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.