Equities analysts predict that AGNC Investment Corp. (NASDAQ:AGNC) will announce earnings of $0.61 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for AGNC Investment’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.60. AGNC Investment posted earnings of $0.64 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.7%. The firm is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that AGNC Investment will report full-year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.55. For the next year, analysts anticipate that the business will post earnings of $2.30 per share, with EPS estimates ranging from $1.98 to $2.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $204.32 million. During the same period in the prior year, the company posted $0.64 EPS.
Several equities research analysts have recently weighed in on AGNC shares. BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Bank of America upgraded AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Barclays lowered their price objective on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.50 price target on shares of AGNC Investment in a research report on Thursday, February 1st. Finally, Maxim Group restated a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a research report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.96.
AGNC stock opened at $18.85 on Friday. AGNC Investment has a 1-year low of $17.84 and a 1-year high of $22.34. The company has a market capitalization of $7,411.54, a PE ratio of 7.52 and a beta of -0.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.24 and a current ratio of 0.24.
The firm also recently declared a mar 18 dividend, which will be paid on Monday, April 9th. Investors of record on Thursday, March 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 11.49%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In related news, CFO Peter J. Federico sold 13,500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Public Employees Retirement Association of Colorado boosted its position in AGNC Investment by 4.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after buying an additional 2,844 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in AGNC Investment by 0.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 349,749 shares of the real estate investment trust’s stock valued at $7,062,000 after buying an additional 3,100 shares during the last quarter. Rhumbline Advisers boosted its position in AGNC Investment by 0.9% in the 4th quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock valued at $7,450,000 after buying an additional 3,222 shares during the last quarter. MML Investors Services LLC boosted its position in AGNC Investment by 15.6% in the 4th quarter. MML Investors Services LLC now owns 24,859 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 3,359 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in AGNC Investment by 3.9% in the 3rd quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock valued at $1,963,000 after buying an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 67.86% of the company’s stock.
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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).
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