New Mexico Educational Retirement Board Makes New Investment in AGNC Investment Corp. $AGNC

New Mexico Educational Retirement Board acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 249,500 shares of the real estate investment trust’s stock, valued at approximately $2,263,000.

Other institutional investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in AGNC Investment in the 2nd quarter valued at about $4,062,000. BlackRock Inc. purchased a new stake in AGNC Investment during the 2nd quarter valued at approximately $704,076,000. Public Employees Retirement System of Ohio purchased a new stake in AGNC Investment during the 2nd quarter valued at approximately $3,560,000. QRG Capital Management Inc. lifted its position in AGNC Investment by 25.0% during the 2nd quarter. QRG Capital Management Inc. now owns 713,525 shares of the real estate investment trust’s stock worth $7,777,000 after acquiring an additional 142,875 shares during the period. Finally, Legal & General Group Plc acquired a new stake in AGNC Investment during the 2nd quarter worth approximately $10,884,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AGNC Investment

In other news, CEO Peter Federico sold 67,794 shares of the 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 completion of the transaction, the chief executive officer directly owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

AGNC has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Barclays cut their price target on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. increased their price target on AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.12.

AGNC Investment Stock Down 3.0%

Shares of AGNC Investment stock opened at $8.48 on Thursday. AGNC Investment Corp. has a 52-week low of $8.38 and a 52-week high of $12.19. The company’s 50-day simple moving average is $9.25 and its 200-day simple moving average is $10.38. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 848.85 and a beta of 1.40.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm 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%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were given a dividend of $0.12 per share. The ex-dividend date was Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 17.0%. AGNC Investment’s payout ratio is presently 14,400.00%.

About AGNC Investment

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.