Public Employees Retirement System of Ohio Takes Position in AGNC Investment Corp. $AGNC

Key Points

• Public Employees Retirement System of Ohio purchased 326,589 AGNC Investment shares worth approximately $3.56 million in the second quarter. Institutional investors and hedge funds collectively own 38.28% of the company.
• Analyst sentiment remains mixed, with AGNC holding an average “Hold” rating and an average price target of $11.11. Recent targets range from $11.00 to $12.00.
• AGNC reported quarterly EPS of $0.40, beating estimates by $0.02, and declared a monthly dividend of $0.12 per share, representing an annualized yield of about 13.5%.

Public Employees Retirement System of Ohio purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 326,589 shares of the real estate investment trust's stock, valued at approximately $3,560,000.

Several other large investors also recently bought and sold shares of the stock. Redwood Investment Management LLC purchased a new stake in shares of AGNC Investment in the 2nd quarter valued at about $235,000. Transamerica Financial Advisors LLC purchased a new position in shares of AGNC Investment during the second quarter worth approximately $137,000. Corient Private Wealth LP acquired a new position in shares of AGNC Investment in the 2nd quarter valued at $1,286,000. Bank of America Corp DE purchased a new stake in AGNC Investment in the 2nd quarter valued at $77,501,000. Finally, Freestone Grove Partners LP acquired a new stake in AGNC Investment during the 2nd quarter worth $2,196,000. Institutional investors and hedge funds own 38.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AGNC shares. Weiss Ratings raised shares of AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Wells Fargo & Company lowered their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Compass Point cut AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target for the company. in a research note on Friday, July 17th. Finally, Piper Sandler boosted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.11.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares of the company's stock, valued at $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.40% of the company's stock.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.66 on Friday. The business's fifty day moving average price is $10.89 and its 200 day moving average price is $10.67. AGNC Investment Corp. has a 1-year low of $9.63 and a 1-year high of $12.19. The firm has a market capitalization of $12.64 billion, a PE ratio of 5.61 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter last year, the company earned ($0.17) earnings per share. Equities research analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Monday, August 31st. AGNC Investment's payout ratio is currently 75.79%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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