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

AGNC Investment (NASDAQ:AGNC) announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period in the prior year, the company posted $0.70 EPS.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.36 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment has a one year low of $6.81 and a one year high of $10.64. The company’s fifty day moving average price is $9.55 and its 200-day moving average price is $9.26. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.29 and a beta of 1.45.

AGNC Investment Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AGNC. Jonestrading dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Barclays increased their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Compass Point initiated coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.79.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction 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 transaction, the chief financial officer now owns 287,282 shares in the company, valued at approximately $2,829,727.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is 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).