AGNC Investment (NASDAQ:AGNC) Issues Earnings Results

AGNC Investment (NASDAQ:AGNC) posted its earnings results on Monday. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03, Zacks reports. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period in the previous year, the firm posted $0.58 earnings per share.

AGNC Investment Stock Performance

Shares of AGNC opened at $8.45 on Wednesday. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. The company has a market cap of $7.74 billion, a PE ratio of 8.71 and a beta of 1.32. The stock has a 50-day moving average of $9.66 and a 200-day moving average of $9.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment’s dividend payout ratio is currently 148.45%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AGNC shares. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada restated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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).