Public Employees Retirement System of Ohio trimmed its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,900 shares of the real estate investment trust’s stock after selling 54,693 shares during the period. Public Employees Retirement System of Ohio’s holdings in AGNC Investment were worth $2,925,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in AGNC Investment by 6.2% in the first quarter. BlackRock Inc. now owns 54,360,363 shares of the real estate investment trust’s stock valued at $978,487,000 after purchasing an additional 3,164,017 shares during the period. State Treasurer State of Michigan increased its holdings in AGNC Investment by 9.1% in the second quarter. State Treasurer State of Michigan now owns 26,482,030 shares of the real estate investment trust’s stock valued at $445,428,000 after purchasing an additional 2,200,000 shares during the period. FMR LLC increased its holdings in AGNC Investment by 15.7% in the first quarter. FMR LLC now owns 17,512,839 shares of the real estate investment trust’s stock valued at $315,230,000 after purchasing an additional 2,376,477 shares during the period. Scout Investments Inc. increased its holdings in AGNC Investment by 57.5% in the second quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock valued at $152,513,000 after purchasing an additional 3,310,432 shares during the period. Finally, Geode Capital Management LLC increased its holdings in AGNC Investment by 24.4% in the fourth quarter. Geode Capital Management LLC now owns 7,240,959 shares of the real estate investment trust’s stock valued at $127,115,000 after purchasing an additional 1,420,224 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.
AGNC Investment stock traded down $0.13 during trading hours on Monday, reaching $15.72. 108,901 shares of the company’s stock were exchanged, compared to its average volume of 6,832,289. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $17.14. AGNC Investment Corp. has a twelve month low of $14.51 and a twelve month high of $18.98. The firm has a market capitalization of $8.63 billion, a PE ratio of 6.69, a PEG ratio of 2.65 and a beta of 0.27.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The business had revenue of $123.00 million for the quarter, compared to analyst estimates of $289.69 million. AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. During the same quarter in the previous year, the business posted $0.63 earnings per share. Analysts anticipate that AGNC Investment Corp. will post 1.97 EPS for the current year.
The company also recently announced a sep 19 dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a $0.16 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 12.1%. AGNC Investment’s dividend payout ratio is presently 81.70%.
A number of analysts have weighed in on AGNC shares. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a report on Friday, July 26th. BidaskClub upgraded AGNC Investment from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, UBS Group started coverage on AGNC Investment in a report on Friday, June 21st. They set a “neutral” rating and a $16.50 price target for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.17.
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).
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