AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.8% Following Weak Earnings

AGNC Investment Corp. (NASDAQ:AGNC) shares dropped 1.8% during trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $10.40 and last traded at $10.41. Approximately 2,286,908 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 12,935,970 shares. The stock had previously closed at $10.60.

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

AGNC Investment Dividend Announcement

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders 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 is Thursday, October 31st. AGNC Investment’s payout ratio is 158.24%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AGNC shares. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the completion of the sale, the chief financial officer now directly owns 308,182 shares in the company, valued at $3,072,574.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Riverview Trust Co bought a new stake in shares of AGNC Investment during the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the second quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. grew its position in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of AGNC Investment in the first quarter worth about $38,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

The firm has a market cap of $7.23 billion, a PE ratio of 10.86 and a beta of 1.47. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

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).