Strs Ohio Sells 194,462 Shares of AGNC Investment Corp. $AGNC

Strs Ohio reduced its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 88.7% during the third quarter, HoldingsChannel reports. The firm owned 24,869 shares of the real estate investment trust’s stock after selling 194,462 shares during the quarter. Strs Ohio’s holdings in AGNC Investment were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Red Tortoise LLC lifted its stake in shares of AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 2,185 shares during the last quarter. Bogart Wealth LLC raised its position in AGNC Investment by 78.0% in the second quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,600 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of AGNC Investment during the second quarter valued at about $37,000. Huntington National Bank boosted its stake in shares of AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,199 shares in the last quarter. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of AGNC Investment during the second quarter worth about $46,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

AGNC stock opened at $11.17 on Tuesday. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $12.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $11.00 and a 200-day moving average price of $10.30. The firm has a market cap of $11.98 billion, a PE ratio of 7.98 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%.The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $354.75 million. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. AGNC Investment’s payout ratio is presently 102.86%.

Analyst Ratings Changes

Several equities research analysts recently commented on AGNC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Barclays lifted their price target on shares of AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Piper Sandler increased their price objective on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada lifted their target price on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Jones Trading cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.03.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Gary D. Kain sold 700,000 shares of AGNC Investment stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. The trade was a 24.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth L. Pollack sold 50,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.42% of the stock is owned by corporate insiders.

AGNC Investment Company 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.