AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Misses Expectations By $0.04 EPS

AGNC Investment (NASDAQ:AGNC) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04), Yahoo Finance reports. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the prior year, the company earned $0.65 EPS.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.94 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 10.92 and a beta of 1.47. AGNC Investment has a one year low of $6.81 and a one year high of $10.85. The company has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.93.

AGNC Investment Announces Dividend

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s payout ratio is currently 158.24%.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AGNC shares. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

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).