Greenland Capital Management LP Makes New $981,000 Investment in AGNC Investment Corp. $AGNC

Greenland Capital Management LP acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, Holdings Channel reports. The fund acquired 90,000 shares of the real estate investment trust’s stock, valued at approximately $981,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the period. BlackRock Inc. acquired a new stake in AGNC Investment during the 2nd quarter worth about $704,076,000. Geode Capital Management LLC lifted its position in AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after acquiring an additional 1,596,244 shares during the period. State Street Corp grew its stake in AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Finally, Norges Bank purchased a new stake in AGNC Investment during the 4th quarter valued at about $141,830,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

AGNC Investment Stock Down 0.3%

AGNC Investment stock opened at $10.89 on Friday. The business’s 50-day moving average price is $10.83 and its 200 day moving average price is $10.71. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 5.73 and a beta of 1.32. AGNC Investment Corp. has a 52 week low of $9.62 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. Equities analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s payout ratio is 75.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings upgraded AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods decreased 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 note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and an average price target of $11.11.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.