AGNC Investment (NASDAQ:AGNC) Issues Earnings Results

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating 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 return on equity of 27.92% and a net margin of 32.12%. During the same period last year, the company posted $0.70 EPS.

AGNC Investment Stock Performance

AGNC opened at $9.36 on Thursday. The business has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.26. The firm has a market cap of $6.51 billion, a PE 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. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AGNC shares. Barclays increased their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Compass Point started coverage on AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.79.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the sale, the chief financial officer now owns 287,282 shares in the company, valued at $2,829,727.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.43% 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).