AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

Posted by Maddie Sorensen on Jan 27th, 2021 // Comments off

AGNC Investment (NASDAQ:AGNC) released its earnings results on Sunday. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10, MarketWatch Earnings reports. AGNC Investment had a positive return on equity of 16.29% and a negative net margin of 17.91%. During the same quarter in the prior year, the firm posted $0.64 EPS.

Shares of AGNC stock opened at $16.16 on Wednesday. AGNC Investment has a 1 year low of $6.25 and a 1 year high of $19.65. The stock has a market cap of $8.81 billion, a PE ratio of -31.69 and a beta of 0.96. The business’s fifty day moving average is $15.58 and its 200-day moving average is $14.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.18 and a current ratio of 0.18.

The company also recently declared a jan 21 dividend, which will be paid on Tuesday, February 9th. Stockholders of record on Friday, January 29th will be given a dividend of $0.12 per share. This represents a dividend yield of 9.2%. The ex-dividend date is Thursday, January 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 66.67%.

A number of research firms have commented on AGNC. JMP Securities increased their target price on AGNC Investment from $15.50 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, January 22nd. Piper Sandler began coverage on AGNC Investment in a report on Tuesday, December 8th. They issued an “overweight” rating and a $16.50 price target on the stock. Jefferies Financial Group began coverage on AGNC Investment in a report on Monday, December 14th. They issued a “hold” rating and a $16.00 price target on the stock. Zacks Investment Research downgraded AGNC Investment from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Monday, October 19th. Finally, BTIG Research began coverage on AGNC Investment in a report on Monday, November 23rd. They issued a “buy” rating and a $16.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.43.

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).

AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

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