AGNC Investment Corp. (NASDAQ:AGNC) Shares Sold by Bell Bank

Bell Bank lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,784 shares of the real estate investment trust’s stock after selling 96,069 shares during the period. Bell Bank’s holdings in AGNC Investment were worth $5,081,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its position in AGNC Investment by 89.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 92,597 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 43,733 shares in the last quarter. Swiss National Bank grew its holdings in AGNC Investment by 11.0% during the 1st quarter. Swiss National Bank now owns 1,325,200 shares of the real estate investment trust’s stock valued at $13,119,000 after purchasing an additional 130,800 shares in the last quarter. US Bancorp DE increased its stake in AGNC Investment by 26.3% during the 1st quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 13,041 shares during the period. Avantax Advisory Services Inc. lifted its holdings in AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,059 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in AGNC Investment in the 1st quarter valued at about $2,636,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Compass Point raised their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Up 0.5 %

AGNC Investment stock opened at $9.52 on Thursday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 6.61 and a beta of 1.47. The company has a 50-day simple moving average of $10.12 and a 200-day simple moving average of $9.95. AGNC Investment Corp. has a one year low of $8.57 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the business posted $0.65 EPS. As a group, equities analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

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).