Illinois Municipal Retirement Fund Has $2.71 Million Stake in AGNC Investment Corp. $AGNC

Illinois Municipal Retirement Fund raised its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,597 shares of the real estate investment trust’s stock after purchasing an additional 72,316 shares during the period. Illinois Municipal Retirement Fund’s holdings in AGNC Investment were worth $2,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealthspire Advisors LLC grew its position in shares of AGNC Investment by 0.9% in the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after buying an additional 907 shares during the last quarter. Davidson Trust Co. lifted its stake in shares of AGNC Investment by 4.4% in the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 985 shares during the period. Lido Advisors LLC lifted its stake in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 1,046 shares during the period. Sound Income Strategies LLC lifted its stake in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the period. Finally, Motiv8 Investments LLC boosted its holdings in AGNC Investment by 6.0% in the fourth quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 1,049 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $11.22 on Monday. The company has a market cap of $12.88 billion, a P/E ratio of 9.27 and a beta of 1.31. The stock has a 50 day simple moving average of $10.59 and a two-hundred day simple moving average of $10.82. AGNC Investment Corp. has a fifty-two week low of $9.11 and a fifty-two week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. On average, research analysts predict that AGNC Investment Corp. will post 1.57 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Friday, July 31st. AGNC Investment’s payout ratio is presently 119.01%.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Friday. UBS Group upped their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.33.

Insiders Place Their Bets

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 215,234 shares of company stock worth $2,364,022 in the last quarter. 0.40% of the stock is owned by corporate insiders.

AGNC Investment 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.