AGNC Investment (NASDAQ:AGNC) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

AGNC Investment (NASDAQ:AGNC) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. During the same quarter last year, the company earned $0.70 earnings per share.

AGNC Investment Trading Down 0.1 %

Shares of NASDAQ AGNC 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. The business has a fifty day simple moving average of $9.55 and a two-hundred day simple moving average of $9.26. The firm has a market cap of $6.51 billion, a PE ratio of 10.29 and a beta of 1.45. 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 declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Analyst Ratings Changes

Several research firms recently issued reports on AGNC. Royal Bank of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Barclays increased their target price on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price for the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $9.79.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 10,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was 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 directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently 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).