AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02, Briefing.com reports. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter in the prior year, the firm earned $0.70 EPS.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.36 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The stock has a market capitalization of $6.51 billion, a PE ratio of 10.29 and a beta of 1.45. The firm has a 50 day moving average of $9.55 and a two-hundred day moving average of $9.26.

AGNC Investment Announces Dividend

The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio is presently 158.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AGNC shares. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday. Barclays raised their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Jonestrading cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday. Finally, Compass Point initiated coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.79.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

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).