AGNC Investment Corp. $AGNC Shares Newly Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 112,295 shares of the real estate investment trust’s stock, valued at approximately $1,018,000.

A number of other hedge funds have also recently added to or reduced their stakes in AGNC. Longboard Asset Management LP acquired a new stake in AGNC Investment in the 3rd quarter valued at about $113,000. Howard Financial Services LTD. raised its stake in shares of AGNC Investment by 2.5% in the third quarter. Howard Financial Services LTD. now owns 78,302 shares of the real estate investment trust’s stock worth $710,000 after acquiring an additional 1,930 shares during the last quarter. Focus Financial Network Inc. raised its stake in shares of AGNC Investment by 21.7% in the third quarter. Focus Financial Network Inc. now owns 15,525 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,768 shares during the last quarter. Signal Advisors Wealth LLC lifted its position in shares of AGNC Investment by 9.3% during the third quarter. Signal Advisors Wealth LLC now owns 43,091 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 3,677 shares in the last quarter. Finally, Financial Planning Hawaii Inc. acquired a new position in shares of AGNC Investment during the third quarter worth approximately $290,000. Institutional investors own 38.28% of the company’s stock.

More AGNC Investment News

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: Royal Bank of Canada maintained an “outperform” rating and sees potential upside, although it reduced its price target from $12 to $10. The revised target still implies approximately 13.9% upside from the referenced share price. Benzinga and The Fly analyst note
• Positive Sentiment: Management raised approximately $992 million through an at-the-market stock offering. The additional capital is intended to support liquidity, maintain balance-sheet flexibility and potentially generate an estimated 18% to 20% return on equity as mortgage markets stabilize. AGNC Investment: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Recent analysis indicates AGNC maintained its dividend, with net spread and dollar-roll income reportedly covering the payout. The dividend’s unusually high yield may attract income-focused investors if coverage remains stable. AGNC Fell 19% And I Believe The 17% Dividend Remains Fully Covered
• Neutral Sentiment: Third-quarter earnings per share matched the $0.37 consensus estimate, while revenue exceeded expectations. However, the earnings outcome did not offset concerns about weaker mortgage-market conditions and declining spread income.
• Negative Sentiment: Tangible net book value fell approximately 16.9% in the third quarter, reflecting widening mortgage spreads and weak performance from Agency mortgage-backed securities. Spread income also declined for a third consecutive quarter. Is AGNC Investment Corp a Buy After Its Latest Earnings Report?
• Negative Sentiment: Leverage increased to approximately 7.9 times, while rising borrowing costs continue to pressure profitability. The dividend survived the quarter, but coverage is viewed as thin by some analysts and may depend on the Federal Reserve and bond markets stabilizing. AGNC Investment Q3: The Dividend Survived, Now It Needs The Fed To Stop

AGNC Investment Trading Down 0.2%

Shares of NASDAQ:AGNC opened at $8.78 on Thursday. AGNC Investment Corp. has a 1-year low of $8.38 and a 1-year high of $12.19. The stock has a market capitalization of $10.41 billion, a P/E ratio of 878.88 and a beta of 1.36. The business has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $10.38.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. As a group, equities analysts predict that AGNC Investment Corp. will post 1.59 EPS for the current year.

AGNC Investment Announces Dividend

The firm 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s payout ratio is 14,400.00%.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on AGNC shares. Wells Fargo & Company decreased 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 note on Wednesday. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, Piper Sandler decreased their price objective on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.50.

AGNC Investment Company 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.