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

AGNC Investment (NASDAQ:AGNC) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02, Zacks reports. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.

AGNC Investment Price Performance

NASDAQ:AGNC traded down $0.30 during mid-day trading on Monday, reaching $10.92. The stock had a trading volume of 23,260,815 shares, compared to its average volume of 18,542,668. The business’s 50 day moving average is $10.59 and its 200 day moving average is $10.82. AGNC Investment has a fifty-two week low of $9.11 and a fifty-two week high of $12.19. The stock has a market cap of $12.54 billion, a P/E ratio of 9.02 and a beta of 1.31.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s dividend payout ratio is currently 119.01%.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research reports. UBS Group upped their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Piper Sandler boosted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 215,234 shares of company stock valued at $2,364,022 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Institutional investors and hedge funds have recently modified their holdings of the business. Transamerica Financial Advisors LLC increased its holdings in shares of AGNC Investment by 49.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 8,118 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 2,679 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in AGNC Investment in the 4th quarter worth approximately $109,000. Smartleaf Asset Management LLC lifted its holdings in AGNC Investment by 159.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,416 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 3,942 shares during the last quarter. Empowered Funds LLC bought a new stake in AGNC Investment during the fourth quarter worth approximately $108,000. Finally, Wilmington Savings Fund Society FSB boosted its position in AGNC Investment by 568.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,992 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 7,646 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.