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

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.58 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $568.38 million. During the same period last year, the business posted $0.70 EPS.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.36 on Thursday. The company has a market cap of $6.51 billion, a P/E ratio of 10.29 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The business has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.26.

AGNC Investment Announces Dividend

The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given 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 dividend payout ratio is currently 158.24%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Jonestrading dropped their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.79.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of AGNC Investment 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 sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.43% of the company’s stock.

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).