AGNC Investment (NASDAQ:AGNC) Issues Earnings Results

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

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.30 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. The company has a market cap of $6.46 billion, a P/E ratio of 10.29 and a beta of 1.45. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The company has a 50-day moving average price of $9.55 and a 200 day moving average price of $9.26.

AGNC Investment Dividend Announcement

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

Insider Activity at AGNC Investment

In other news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now directly owns 287,282 shares in the company, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. Compass Point began coverage on AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective on the stock. Royal Bank of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Jonestrading dropped their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.79.

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).