AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

AGNC Investment (NASDAQ:AGNC) released its earnings results on Tuesday. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02, Briefing.com reports. The firm had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter in the previous year, the business earned $0.70 EPS.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $9.36 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.29 and a beta of 1.45. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.64. The firm’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.26.

AGNC Investment Announces Dividend

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio is 158.24%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AGNC shares. Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday. Compass Point started coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective for the company. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

About AGNC Investment

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).