245,600 Shares of AGNC Investment Corp. $AGNC Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, HoldingsChannel reports. The firm acquired 245,600 shares of the real estate investment trust’s stock, valued at approximately $2,228,000.

Several other large investors have also recently made changes to their positions in AGNC. GraniteShares Advisors LLC boosted its stake in AGNC Investment by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 261,960 shares of the real estate investment trust’s stock valued at $2,376,000 after buying an additional 4,050 shares during the last quarter. Traynor Capital Management Inc. increased its stake in AGNC Investment by 11.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 19,278 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 2,001 shares during the last quarter. Profund Advisors LLC purchased a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $224,000. ProShare Advisors LLC purchased a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $409,000. Finally, MGO One Seven LLC raised its holdings in shares of AGNC Investment by 15.8% during the 3rd quarter. MGO One Seven LLC now owns 26,477 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 3,605 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Down 0.5%

AGNC traded down $0.04 during trading on Friday, reaching $8.78. The company had a trading volume of 17,748,335 shares, compared to its average volume of 29,235,248. The business has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $10.43. The stock has a market cap of $11.18 billion, a P/E ratio of 878.88 and a beta of 1.40. AGNC Investment Corp. has a 52 week low of $8.38 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.4%. AGNC Investment’s payout ratio is currently 14,400.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGNC shares. Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Friday, July 17th. Wells Fargo & Company reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.12.

Insider Activity at AGNC Investment

In related news, CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $8.87, for a total transaction of $601,332.78. Following the transaction, the chief executive officer directly owned 1,846,083 shares in the company, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment 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.