AGNC Investment (NASDAQ:AGNC) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

AGNC Investment (NASDAQ:AGNC) posted 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. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter last year, the company earned $0.65 earnings per share.

AGNC Investment Trading Down 0.7 %

NASDAQ AGNC traded down $0.07 during trading on Wednesday, hitting $9.94. The stock had a trading volume of 38,746,221 shares, compared to its average volume of 13,236,962. 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 company has a market capitalization of $7.23 billion, a PE ratio of 10.86 and a beta of 1.47. The firm has a 50 day moving average price of $10.31 and a 200 day moving average price of $9.93. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.85.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on AGNC shares. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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).