Strs Ohio Acquires Shares of 224,346 AGNC Investment Corp. $AGNC

Key Points

• Strs Ohio acquired a new position in AGNC Investment Corp., purchasing 224,346 shares valued at approximately $2.15 million during the first quarter.
• Directors Paul E. Mullings and John D. Fisk sold shares in July, resulting in decreases of 7.88% and 15.25% in their respective ownership stakes.
• AGNC Investment declared a $0.12 per share dividend to be paid on October 9th, with a dividend yield reported at an astonishing 1,408.0%.

Strs Ohio purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 224,346 shares of the real estate investment trust's stock, valued at approximately $2,149,000.

A number of other institutional investors have also recently added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC acquired a new stake in AGNC Investment in the 4th quarter valued at $26,000. N.E.W. Advisory Services LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $28,000. Larson Financial Group LLC grew its stake in AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares during the period. AlphaQuest LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $34,000. Finally, VSM Wealth Advisory LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Down 1.3%

NASDAQ:AGNC traded down $0.13 on Friday, reaching $9.97. 33,482,217 shares of the company's stock were exchanged, compared to its average volume of 19,145,364. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 29.32 and a beta of 1.30. The business has a fifty day moving average of $9.73 and a 200-day moving average of $9.39. AGNC Investment Corp. has a 52-week low of $7.85 and a 52-week high of $10.67.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The business had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter last year, the company earned $0.53 earnings per share. As a group, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 1,408.0%. AGNC Investment's payout ratio is currently 423.53%.

Insider Transactions at AGNC Investment

In other news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the transaction, the director directly owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director directly owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Jones Trading reaffirmed a "buy" rating and set a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.63.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).