AGNC Investment (AGNC) to Release Quarterly Earnings on Monday

AGNC Investment (NASDAQ:AGNC) is set to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $570.42 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same quarter last year, the company earned $0.74 earnings per share. On average, analysts expect AGNC Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AGNC Investment Price Performance

AGNC opened at $9.15 on Friday. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 915.92 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $9.56 and a 200-day moving average price of $9.25. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64.

AGNC Investment Dividend Announcement

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s payout ratio is 14,414.41%.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction 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 owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of AGNC Investment by 8.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 987,563 shares of the real estate investment trust’s stock worth $9,688,000 after buying an additional 73,555 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AGNC Investment by 18.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 321,328 shares of the real estate investment trust’s stock worth $3,153,000 after buying an additional 50,232 shares during the last quarter. Oarsman Capital Inc. bought a new position in shares of AGNC Investment in the 4th quarter worth $107,000. Public Employees Retirement System of Ohio boosted its stake in shares of AGNC Investment by 11.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 270,596 shares of the real estate investment trust’s stock valued at $2,655,000 after purchasing an additional 28,631 shares in the last quarter. Finally, LifePro Asset Management purchased a new stake in shares of AGNC Investment in the 4th quarter valued at $2,228,000. Institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the subject of several recent research reports. Barclays lifted their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Compass Point initiated coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective for the company. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday. Royal Bank of Canada decreased their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.93.

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).