Wed Sep 11 09:37:03 UTC 2024: ## Arizona State Retirement System Increases Stake in AGNC Investment Corp.

**Phoenix, AZ – September 11, 2024** – The Arizona State Retirement System has boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 5.6% in the second quarter, according to a recent SEC filing. The system now owns 194,761 shares of the real estate investment trust, valued at $1,858,000.

This move comes as several other institutional investors have also adjusted their positions in AGNC. International Assets Investment Management LLC increased its stake by 17.7%, while Amalgamated Bank and Private Advisor Group LLC saw increases of 8.1% and 8.4% respectively. Charles Schwab Investment Management Inc. also added significantly to its holdings, increasing its stake by 13.1%.

AGNC’s stock has seen a variety of analyst recommendations in recent months. Janney Montgomery Scott initiated coverage with a “buy” rating and a $10.50 price target, while JMP Securities reiterated a “market perform” rating. Royal Bank of Canada raised its target price from $10.00 to $11.00 and assigned an “outperform” rating. However, StockNews.com downgraded the stock from “hold” to “sell.”

AGNC recently reported earnings for the second quarter, missing analysts’ estimates for earnings per share. However, the company saw a significant increase in revenue compared to the previous year.

AGNC Investment Corp. is a real estate investment trust that focuses on investing in agency residential mortgage-backed securities. The company’s investments are backed by government-sponsored enterprises and agencies, providing a level of security for investors.

The company also recently declared a dividend of $0.12 per share, payable on September 11th. This represents a dividend yield of 14.5%.

Overall, AGNC Investment Corp. continues to attract interest from institutional investors, with analysts offering a mixed outlook on the company’s future performance.

Read More