249,500 Shares in AGNC Investment Corp. $AGNC Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 249,500 shares of the real estate investment trust’s stock, valued at approximately $2,263,000.

Several other institutional investors have also modified their holdings of the company. Delta Asset Management LLC TN purchased a new position in AGNC Investment in the second quarter valued at $25,000. Danske Bank A S purchased a new stake in AGNC Investment during the 2nd quarter worth about $26,000. MCF Advisors LLC lifted its holdings in AGNC Investment by 254.1% during the 2nd quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,728 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment during the 2nd quarter worth about $28,000. Finally, Osbon Capital Management LLC acquired a new position in shares of AGNC Investment during the 2nd quarter worth about $28,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AGNC shares. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings downgraded AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. JPMorgan Chase & Co. increased their price target on shares of AGNC Investment from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.12.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter Federico sold 67,794 shares of AGNC Investment stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $8.87, for a total transaction of $601,332.78. Following the transaction, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is owned by corporate insiders.

AGNC Investment Price Performance

Shares of AGNC opened at $8.48 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 cap of $10.80 billion, a PE ratio of 848.85 and a beta of 1.40. The firm has a fifty day moving average price of $9.25 and a 200 day moving average price of $10.38.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities 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 was paid on Tuesday, November 10th. Investors of record on Friday, October 30th were paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date was Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 14,400.00%.

AGNC Investment Profile

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.