State of Alaska Department of Revenue Makes New $1.02 Million Investment in AGNC Investment Corp. $AGNC

State of Alaska Department of Revenue acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, Holdings Channel reports. The institutional investor acquired 112,295 shares of the real estate investment trust’s stock, valued at approximately $1,018,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Longboard Asset Management LP acquired a new position in shares of AGNC Investment during the 3rd quarter worth about $113,000. Howard Financial Services LTD. raised its position in shares of AGNC Investment by 2.5% in the 3rd quarter. Howard Financial Services LTD. now owns 78,302 shares of the real estate investment trust’s stock valued at $710,000 after acquiring an additional 1,930 shares during the period. Focus Financial Network Inc. raised its position in shares of AGNC Investment by 21.7% in the 3rd quarter. Focus Financial Network Inc. now owns 15,525 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 2,768 shares during the period. Signal Advisors Wealth LLC raised its position in shares of AGNC Investment by 9.3% in the 3rd quarter. Signal Advisors Wealth LLC now owns 43,091 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 3,677 shares during the period. Finally, Financial Planning Hawaii Inc. bought a new position in AGNC Investment during the 3rd quarter worth approximately $290,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Trading Down 0.2%

NASDAQ:AGNC opened at $8.78 on Thursday. AGNC Investment Corp. has a 1 year low of $8.38 and a 1 year high of $12.19. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 878.88 and a beta of 1.36. The stock has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $10.38.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. Sell-side analysts forecast that AGNC Investment Corp. will post 1.59 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a $0.12 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.44 annualized dividend and a dividend yield of 16.4%. AGNC Investment’s payout ratio is currently 14,400.00%.

Insider Activity

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Trending Headlines about AGNC Investment

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: Royal Bank of Canada maintained an “outperform” rating and sees potential upside, although it reduced its price target from $12 to $10. The revised target still implies approximately 13.9% upside from the referenced share price. Benzinga and The Fly analyst note
• Positive Sentiment: Management raised approximately $992 million through an at-the-market stock offering. The additional capital is intended to support liquidity, maintain balance-sheet flexibility and potentially generate an estimated 18% to 20% return on equity as mortgage markets stabilize. AGNC Investment: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Recent analysis indicates AGNC maintained its dividend, with net spread and dollar-roll income reportedly covering the payout. The dividend’s unusually high yield may attract income-focused investors if coverage remains stable. AGNC Fell 19% And I Believe The 17% Dividend Remains Fully Covered
• Neutral Sentiment: Third-quarter earnings per share matched the $0.37 consensus estimate, while revenue exceeded expectations. However, the earnings outcome did not offset concerns about weaker mortgage-market conditions and declining spread income.
• Negative Sentiment: Tangible net book value fell approximately 16.9% in the third quarter, reflecting widening mortgage spreads and weak performance from Agency mortgage-backed securities. Spread income also declined for a third consecutive quarter. Is AGNC Investment Corp a Buy After Its Latest Earnings Report?
• Negative Sentiment: Leverage increased to approximately 7.9 times, while rising borrowing costs continue to pressure profitability. The dividend survived the quarter, but coverage is viewed as thin by some analysts and may depend on the Federal Reserve and bond markets stabilizing. AGNC Investment Q3: The Dividend Survived, Now It Needs The Fed To Stop

Wall Street Analyst Weigh In

AGNC has been the subject of a number of analyst reports. Weiss Ratings cut shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Piper Sandler lowered their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Wells Fargo & Company reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, 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. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.50.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.