AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in AGNC Investment Corp. (NASDAQ:AGNC) by 27.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,652 shares of the real estate investment trust’s stock after selling 86,376 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AGNC Investment were worth $2,162,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AGNC. Envestnet Portfolio Solutions Inc. boosted its position in shares of AGNC Investment by 6.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 48,864 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 3,139 shares in the last quarter. Brown Advisory Inc. acquired a new stake in AGNC Investment during the fourth quarter valued at approximately $99,000. Norges Bank bought a new stake in AGNC Investment during the fourth quarter worth approximately $69,215,000. Nomura Asset Management Co. Ltd. grew its position in AGNC Investment by 39.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,800 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 16,200 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in shares of AGNC Investment by 56.9% in the fourth quarter. Founders Financial Alliance LLC now owns 57,699 shares of the real estate investment trust’s stock valued at $566,000 after buying an additional 20,919 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Janney Montgomery Scott assumed coverage on AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Royal Bank of Canada lifted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.56 on Friday. The firm has a market cap of $7.68 billion, a P/E ratio of 11.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.85. The stock’s 50-day moving average is $10.19 and its two-hundred day moving average is $9.81.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period in the previous year, the business posted $0.67 EPS. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. Analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 13.64%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

AGNC Investment Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).