Utah Retirement Systems Increases Stake in AGNC Investment Corp. (AGNC)

Utah Retirement Systems increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 13.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,612 shares of the real estate investment trust’s stock after purchasing an additional 10,700 shares during the period. Utah Retirement Systems’ holdings in AGNC Investment were worth $1,651,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AGNC. FMR LLC boosted its stake in shares of AGNC Investment by 129.0% in the 3rd quarter. FMR LLC now owns 12,775,229 shares of the real estate investment trust’s stock valued at $238,002,000 after purchasing an additional 7,197,703 shares in the last quarter. BlackRock Inc. boosted its position in AGNC Investment by 14.4% during the 3rd quarter. BlackRock Inc. now owns 42,967,955 shares of the real estate investment trust’s stock valued at $800,494,000 after buying an additional 5,400,238 shares during the period. State Treasurer State of Michigan boosted its position in AGNC Investment by 31.4% during the 2nd quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock valued at $344,679,000 after buying an additional 4,435,300 shares during the period. Renaissance Technologies LLC boosted its position in AGNC Investment by 1,098.4% during the 3rd quarter. Renaissance Technologies LLC now owns 3,950,129 shares of the real estate investment trust’s stock valued at $73,591,000 after buying an additional 3,620,514 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in AGNC Investment by 809.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,230,503 shares of the real estate investment trust’s stock valued at $41,554,000 after buying an additional 1,985,129 shares during the period. 58.85% of the stock is owned by institutional investors.

Shares of AGNC opened at $17.83 on Friday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 2.43 and a beta of 0.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment Corp. has a twelve month low of $17.26 and a twelve month high of $20.84.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $324.65 million. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. During the same quarter in the prior year, the company posted $0.62 EPS. As a group, equities research analysts forecast that AGNC Investment Corp. will post 2.45 EPS for the current fiscal year.

The business also recently disclosed a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Thursday, November 29th. This represents a yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.

In related news, Director Larry K. Harvey acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

AGNC has been the subject of several analyst reports. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Barclays reissued a “hold” rating and set a $19.00 price target on shares of AGNC Investment in a research report on Wednesday, September 12th. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, September 24th. Finally, ValuEngine raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. AGNC Investment currently has an average rating of “Hold” and an average price target of $19.35.

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AGNC Investment Company 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).

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Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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