AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Misses Expectations By $0.04 EPS

AGNC Investment (NASDAQ:AGNC) posted its quarterly earnings data 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 for 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 firm earned $0.65 EPS.

AGNC Investment Stock Down 0.7 %

Shares of NASDAQ AGNC opened at $9.94 on Thursday. The stock has a market cap of $7.23 billion, a P/E ratio of 10.92 and a beta of 1.47. The business’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $9.93. AGNC Investment has a 12-month low of $6.81 and a 12-month high of $10.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment Dividend Announcement

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

Wall Street Analyst Weigh In

AGNC has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Royal Bank of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the transaction, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by corporate insiders.

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).