AGNC Investment (NASDAQ:AGNC) Announces Earnings Results, Misses Expectations By $0.04 EPS

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04), Yahoo Finance reports. The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. During the same quarter in the previous year, the company posted $0.65 EPS.

AGNC Investment Price Performance

Shares of AGNC Investment stock traded down $0.07 on Wednesday, reaching $9.94. The company’s stock had a trading volume of 38,746,221 shares, compared to its average volume of 13,236,962. AGNC Investment has a 52-week low of $6.81 and a 52-week high of $10.85. The company has a market capitalization of $7.23 billion, a P/E ratio of 10.86 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $10.31 and a 200-day moving average price of $9.93.

AGNC Investment Dividend Announcement

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AGNC shares. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.33.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

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).