Greenland Capital Management LP Acquires New Position in AGNC Investment Corp. $AGNC

Greenland Capital Management LP bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 90,000 shares of the real estate investment trust’s stock, valued at approximately $981,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $704,076,000. Norges Bank bought a new position in AGNC Investment in the fourth quarter worth approximately $141,830,000. Equity Investment Corp purchased a new position in AGNC Investment during the 2nd quarter worth $106,123,000. Bank of New York Mellon Corp purchased a new position in AGNC Investment during the 2nd quarter worth $40,182,000. Finally, Advisors Capital Management LLC bought a new stake in AGNC Investment during the 2nd quarter valued at $35,421,000. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.11.

AGNC Investment Trading Down 0.3%

Shares of AGNC opened at $10.89 on Friday. AGNC Investment Corp. has a 12 month low of $9.62 and a 12 month high of $12.19. The stock has a fifty day moving average price of $10.83 and a 200-day moving average price of $10.71. The firm has a market cap of $12.91 billion, a PE ratio of 5.73 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned ($0.17) EPS. As a group, research analysts forecast that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Insiders Place Their Bets

In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Profile

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.