AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Misses Expectations By $0.01 EPS

AGNC Investment (NASDAQ:AGNC) announced its earnings results on Monday. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01), Briefing.com reports. The company had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share.

AGNC Investment Stock Up 0.7 %

NASDAQ AGNC traded up $0.07 on Thursday, reaching $10.01. The stock had a trading volume of 2,655,697 shares, compared to its average volume of 12,039,573. The business has a 50 day moving average price of $9.82 and a 200 day moving average price of $9.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 10.92 and a beta of 1.48.

AGNC Investment Announces Dividend

The company also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Jonestrading dropped their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, Janney Montgomery Scott started coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold 10,900 shares of company stock worth $102,280 over the last 90 days. 0.52% of the stock is currently 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).