AGNC Investment (NASDAQ:AGNC) Announces Earnings Results, Beats Expectations By $0.02 EPS

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02, Zacks reports. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.

AGNC Investment Stock Down 2.7%

AGNC stock traded down $0.30 during midday trading on Monday, reaching $10.92. The stock had a trading volume of 23,200,648 shares, compared to its average volume of 18,506,420. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 9.02 and a beta of 1.31. AGNC Investment has a twelve month low of $9.11 and a twelve month high of $12.19. The business has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $10.82.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 119.01%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. This trade represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 215,234 shares of company stock worth $2,364,022. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WealthCollab LLC acquired a new stake in AGNC Investment during the 3rd quarter worth $33,000. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the period. WFA of San Diego LLC acquired a new position in shares of AGNC Investment in the 2nd quarter valued at $37,000. Los Angeles Capital Management LLC bought a new position in shares of AGNC Investment in the 4th quarter worth $43,000. Finally, UMB Bank n.a. boosted its position in shares of AGNC Investment by 2,603.2% in the 4th quarter. UMB Bank n.a. now owns 5,028 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 4,842 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and a consensus price target of $11.33.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.