New York State Common Retirement Fund Increases Position in AGNC Investment Corp. (NASDAQ:AGNC)

New York State Common Retirement Fund boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 605,392 shares of the real estate investment trust’s stock after purchasing an additional 11,803 shares during the quarter. New York State Common Retirement Fund’s holdings in AGNC Investment were worth $5,939,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in shares of AGNC Investment during the 4th quarter worth about $37,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment in the fourth quarter worth approximately $46,000. Allworth Financial LP increased its position in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares in the last quarter. Carmichael Hill & Associates Inc. raised its stake in AGNC Investment by 66.8% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 6,066 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in AGNC Investment by 110.8% in the 4th quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 3,352 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AGNC shares. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Royal Bank of Canada decreased their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Barclays increased their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods lowered their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Finally, Jonestrading cut their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.79.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $9.40 on Friday. The business’s fifty day simple moving average is $9.53 and its 200-day simple moving average is $9.27. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.53 billion, a PE ratio of 10.33 and a beta of 1.45. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter last year, the firm posted $0.70 earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s payout ratio is 158.24%.

Insiders Place Their Bets

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

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).