AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings results on Monday. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03, Zacks reports. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. During the same period in the prior year, the firm posted $0.58 earnings per share.

AGNC Investment Stock Performance

Shares of AGNC opened at $8.16 on Tuesday. The stock has a 50-day simple moving average of $9.70 and a 200-day simple moving average of $9.70. The stock has a market capitalization of $7.47 billion, a PE ratio of 8.41 and a beta of 1.32. AGNC Investment has a 1 year low of $7.85 and a 1 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 Dividend Announcement

The company also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be given a $0.12 dividend. This represents a yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment’s payout ratio is 148.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their target price on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada restated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Argus raised AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.36.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

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).