245,600 Shares in AGNC Investment Corp. $AGNC Acquired by Oregon Public Employees Retirement Fund

Key Points

• Oregon Public Employees Retirement Fund acquired 245,600 AGNC shares in the third quarter, valued at about $2.23 million. Institutional investors overall owned 38.28% of the REIT’s stock.
• AGNC reported quarterly earnings of $0.37 per share, matching analyst estimates, while revenue of $1.20 billion exceeded forecasts. It declared a monthly dividend of $0.12 per share, equivalent to a 16.4% annualized yield at the quoted share price.
• Shares were trading at $8.78, below their 50- and 200-day moving averages. Analysts had a consensus “Hold” rating and an average price target of $10.12.

Oregon Public Employees Retirement Fund acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 245,600 shares of the real estate investment trust's stock, valued at approximately $2,228,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGNC. Delta Asset Management LLC TN purchased a new stake in AGNC Investment during the 2nd quarter valued at $25,000. Danske Bank A S bought a new stake in shares of AGNC Investment in the second quarter worth $26,000. MCF Advisors LLC increased its position in AGNC Investment by 254.1% during the second quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,728 shares during the last quarter. Osbon Capital Management LLC bought a new position in AGNC Investment in the second quarter valued at about $28,000. Finally, N.E.W. Advisory Services LLC bought a new position in AGNC Investment in the second quarter valued at about $28,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Down 0.5%

NASDAQ:AGNC traded down $0.04 on Friday, reaching $8.78. 17,748,335 shares of the company's stock traded hands, compared to its average volume of 29,235,248. The stock has a 50-day simple moving average of $9.37 and a 200-day simple moving average of $10.43. The firm has a market cap of $11.18 billion, a PE ratio of 878.88 and a beta of 1.40. AGNC Investment Corp. has a 12 month low of $8.38 and a 12 month high of $12.19.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.06 billion. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.4%. AGNC Investment's payout ratio is currently 14,400.00%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms have issued reports on AGNC. Weiss Ratings downgraded AGNC Investment from a "hold (c+)" rating to a "sell (d+)" rating in a research note on Friday, October 30th. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Barclays cut their price objective on shares of AGNC Investment from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 21st. Finally, Piper Sandler reduced their price objective on AGNC Investment from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AGNC Investment currently has an average rating of "Hold" and an average target price of $10.12.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.

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