AGNC Investment (NASDAQ:AGNC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings data on Monday. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02, Briefing.com reports. The company 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 posted $0.70 EPS.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.30 on Thursday. The company’s 50-day moving average is $9.55 and its 200 day moving average is $9.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $6.46 billion, a P/E ratio of 10.29 and a beta of 1.45. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.64.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares in the company, valued at $2,829,727.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

AGNC has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Jonestrading reduced their price target 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. Royal Bank of Canada reduced their price target 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 reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

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).