Public Employees Retirement System of Ohio Purchases Shares of 326,589 AGNC Investment Corp. $AGNC

Public Employees Retirement System of Ohio bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 326,589 shares of the real estate investment trust’s stock, valued at approximately $3,560,000.

Other hedge funds have also recently bought and sold shares of the company. Danske Bank A S purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in AGNC Investment in the 2nd quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new stake in AGNC Investment in the 2nd quarter valued at $28,000. Avion Wealth raised its position in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares during the period. Finally, National Bank of Canada FI raised its position in AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

AGNC has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. 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. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered 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. Finally, Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.11.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.66 on Friday. AGNC Investment Corp. has a 1-year low of $9.63 and a 1-year high of $12.19. The company has a market capitalization of $12.64 billion, a PE ratio of 5.61 and a beta of 1.32. The business has a 50-day moving average of $10.89 and a 200-day moving average of $10.67.

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

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

AGNC Investment 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.