AGNC Investment (NASDAQ:AGNC) Shares Down 1.6% on Disappointing Earnings

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was down 1.6% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $10.19 and last traded at $10.21. Approximately 9,214,345 shares were traded during trading, a decline of 29% from the average daily volume of 12,991,005 shares. The stock had previously closed at $10.38.

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). The company had revenue of $756.00 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.65 EPS.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Compass Point boosted their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.33.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AGNC. Vanguard Group Inc. boosted its holdings in shares of AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after buying an additional 6,019,268 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in AGNC Investment during the 3rd quarter worth approximately $17,463,000. Boston Partners lifted its holdings in AGNC Investment by 522.4% during the first quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock valued at $14,229,000 after purchasing an additional 1,206,714 shares in the last quarter. Equity Investment Corp boosted its position in shares of AGNC Investment by 16.2% in the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock worth $68,019,000 after purchasing an additional 957,139 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in shares of AGNC Investment in the first quarter worth $7,920,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company’s 50-day moving average price is $10.31 and its 200 day moving average price is $9.92. The stock has a market capitalization of $7.44 billion, a P/E ratio of 11.22 and a beta of 1.47.

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).