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

Public Employees Retirement System of Ohio boosted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,164 shares of the real estate investment trust’s stock after purchasing an additional 27,894 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AGNC Investment were worth $2,703,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AGNC. Wealth Enhancement Advisory Services LLC lifted its stake in AGNC Investment by 96.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 54,049 shares in the last quarter. GAMMA Investing LLC lifted its stake in AGNC Investment by 1,315.5% in the 1st quarter. GAMMA Investing LLC now owns 27,744 shares of the real estate investment trust’s stock worth $2,896,000 after purchasing an additional 25,784 shares in the last quarter. Rhumbline Advisers lifted its stake in AGNC Investment by 6.5% in the 1st quarter. Rhumbline Advisers now owns 777,264 shares of the real estate investment trust’s stock worth $7,446,000 after purchasing an additional 47,699 shares in the last quarter. Secure Asset Management LLC purchased a new stake in AGNC Investment in the 1st quarter worth $130,000. Finally, Lifestyle Asset Management Inc. purchased a new stake in AGNC Investment in the 1st quarter worth $179,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AGNC shares. Jones Trading reiterated a “buy” rating and issued a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. UBS Group boosted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $9.63.

Insider Buying and Selling

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

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $9.93 on Thursday. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 29.21 and a beta of 1.32. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.63. The firm’s 50-day moving average is $9.81 and its 200 day moving average is $9.37. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter in the previous year, the company posted $0.53 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently announced 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 1,471.0%. AGNC Investment’s dividend payout ratio (DPR) is 423.53%.

About AGNC Investment

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).