AGNC Investment Corp. $AGNC Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,156 shares of the real estate investment trust’s stock after selling 71,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AGNC Investment were worth $2,731,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AGNC. Delta Asset Management LLC TN purchased a new stake in AGNC Investment during the second quarter worth approximately $25,000. Danske Bank A S acquired a new stake in shares of AGNC Investment in the second quarter worth $26,000. MCF Advisors LLC raised its stake in shares of AGNC Investment by 254.1% in the 2nd 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 period. Osbon Capital Management LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $28,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In other news, CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 corporate insiders.

Analysts Set New Price Targets

AGNC has been the subject of a number of research reports. Weiss Ratings cut shares of AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday. Barclays lowered their price target on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 21st. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Wells Fargo & Company reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.12.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $8.69 on Tuesday. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 869.87 and a beta of 1.36. AGNC Investment Corp. has a one year low of $8.38 and a one year high of $12.19. The business’s 50-day simple moving average is $9.54 and its 200 day simple moving average is $10.49.

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

AGNC Investment Announces Dividend

The business 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 annualized dividend and a dividend yield of 16.6%. AGNC Investment’s dividend payout ratio (DPR) is 14,400.00%.

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.