Maryland State Retirement & Pension System Acquires 6,395 Shares of AGNC Investment Corp. $AGNC

Maryland State Retirement & Pension System boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,050 shares of the real estate investment trust’s stock after acquiring an additional 6,395 shares during the quarter. Maryland State Retirement & Pension System’s holdings in AGNC Investment were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock worth $821,765,000 after purchasing an additional 2,462,337 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in AGNC Investment by 241,567.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after buying an additional 46,368,867 shares during the last quarter. Equity Investment Corp grew its stake in shares of AGNC Investment by 8.2% in the 1st quarter. Equity Investment Corp now owns 7,395,081 shares of the real estate investment trust’s stock worth $70,845,000 after acquiring an additional 562,700 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of AGNC Investment by 21.1% in the 1st quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock worth $41,370,000 after acquiring an additional 752,201 shares in the last quarter. Finally, Davidson Investment Advisors grew its stake in shares of AGNC Investment by 3.0% in the 1st quarter. Davidson Investment Advisors now owns 3,428,281 shares of the real estate investment trust’s stock worth $32,843,000 after acquiring an additional 101,011 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target 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. Jones Trading reaffirmed a “buy” rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Piper Sandler raised their target price on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, UBS Group increased their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.75.

Insider Activity

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director owned 128,511 shares of the company’s stock, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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. This trade represents a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $9.99 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.41 billion, a P/E ratio of 29.38 and a beta of 1.32. The business has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $9.36. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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 analysts’ expectations of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same period in the prior year, the business posted $0.53 EPS. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date of this dividend is Friday, October 31st. AGNC Investment’s payout ratio is currently 423.53%.

AGNC Investment 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).