AGNC Investment Corp. $AGNC Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in AGNC Investment Corp. (NASDAQ:AGNC) by 19.2% in the third quarter, HoldingsChannel.com reports. The firm owned 301,156 shares of the real estate investment trust’s stock after selling 71,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AGNC Investment were worth $2,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGNC. BlackRock Inc. bought a new stake in AGNC Investment in the second quarter worth about $704,076,000. QRG Capital Management Inc. lifted its holdings in AGNC Investment by 921.8% in the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after acquiring an additional 514,804 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in AGNC Investment in the 2nd quarter valued at about $3,560,000. Legal & General Group Plc acquired a new stake in AGNC Investment in the 2nd quarter valued at about $10,884,000. Finally, Compass Financial Management LLC bought a new position in shares of AGNC Investment during the 2nd quarter valued at about $3,784,000. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $8.87, for a total value of $601,332.78. Following the transaction, the chief executive officer directly owned 1,846,083 shares of the company’s stock, valued at $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 available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

NASDAQ AGNC opened at $8.69 on Tuesday. The company has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $10.49. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 869.87 and a beta of 1.36. AGNC Investment Corp. has a 52-week low of $8.38 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. On average, analysts predict that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $0.12 dividend. 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 16.6%. AGNC Investment’s dividend payout ratio is 14,400.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGNC. Weiss Ratings downgraded shares of AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a report on Friday. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Piper Sandler reduced their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 9th. 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 report on Wednesday, October 21st. Finally, Royal Bank Of Canada dropped their price target on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.12.

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.