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

AGNC Investment (NASDAQ:AGNC) issued its earnings results on Tuesday. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the firm earned $0.70 earnings per share.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $9.25 on Thursday. The business’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.26. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The stock has a market cap of $6.43 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGNC shares. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Barclays increased their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Jonestrading cut their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.79.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.52% 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).