Bell Bank Sells 96,069 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Bell Bank reduced its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 owned about 0.06% of AGNC Investment worth $5,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGNC. Kovack Advisors Inc. increased its position in shares of AGNC Investment by 1.2% during the 3rd quarter. Kovack Advisors Inc. now owns 229,934 shares of the real estate investment trust's stock worth $2,405,000 after purchasing an additional 2,773 shares in the last quarter. MQS Management LLC acquired a new position in shares of AGNC Investment in the 3rd quarter worth approximately $128,000. Prime Capital Investment Advisors LLC grew its position in AGNC Investment by 16.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 21,892 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 3,156 shares during the last quarter. Savvy Advisors Inc. raised its position in AGNC Investment by 20.8% in the 3rd quarter. Savvy Advisors Inc. now owns 71,310 shares of the real estate investment trust's stock valued at $746,000 after purchasing an additional 12,275 shares during the last quarter. Finally, WealthPLAN Partners LLC acquired a new position in AGNC Investment in the third quarter worth $123,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Trading Down 0.1 %

Shares of NASDAQ AGNC traded down $0.01 during midday trading on Thursday, reaching $9.51. 11,366,503 shares of the stock were exchanged, compared to its average volume of 14,081,474. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 12 month low of $8.57 and a 12 month high of $10.85. The business has a 50-day simple moving average of $10.10 and a two-hundred day simple moving average of $9.95. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 6.60 and a beta of 1.47.

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

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGNC shares. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Royal Bank of Canada increased their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. Maxim Group downgraded AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Compass Point raised their price target on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

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).