AGNC Investment (NASDAQ:AGNC) Issues Earnings Results

AGNC Investment (NASDAQ:AGNC) issued its earnings results on Monday. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02, Briefing.com reports. The business had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same period in the prior year, the firm earned $0.70 EPS.

AGNC Investment Trading Up 0.5 %

NASDAQ:AGNC opened at $9.20 on Tuesday. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The firm has a 50 day moving average of $9.55 and a 200 day moving average of $9.26. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 920.92 and a beta of 1.45.

AGNC Investment Dividend Announcement

The company also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s payout ratio is 14,414.41%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AGNC shares. Royal Bank of Canada dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Jonestrading started coverage on shares of AGNC Investment in a research note on Friday, March 22nd. They issued a “buy” rating and a $10.75 target price on the stock. Compass Point started coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, Barclays upped their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.93.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

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).