AGNC Investment (NASDAQ:AGNC) Issues Quarterly Earnings Results

AGNC Investment (NASDAQ:AGNC) released its earnings results on Monday. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04), Yahoo Finance reports. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. During the same quarter in the previous year, the company earned $0.65 EPS.

AGNC Investment Stock Down 2.1 %

Shares of AGNC Investment stock opened at $10.38 on Tuesday. AGNC Investment has a 12-month low of $6.81 and a 12-month high of $10.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $10.31 and a two-hundred day moving average price of $9.92. The stock has a market capitalization of $7.55 billion, a P/E ratio of 11.41 and a beta of 1.47.

AGNC Investment Announces Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the completion of the sale, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGNC shares. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Compass Point raised their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average 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).