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

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02, Briefing.com reports. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same period in the previous year, the company posted $0.70 EPS.

AGNC Investment Stock Performance

AGNC stock opened at $9.36 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.51 billion, a P/E ratio of 10.29 and a beta of 1.45. AGNC Investment has a 12-month low of $6.81 and a 12-month high of $10.64. The stock’s 50 day simple moving average is $9.55 and its 200 day simple moving average is $9.26.

AGNC Investment Dividend Announcement

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jonestrading decreased their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday. Royal Bank of Canada decreased their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus target price of $9.79.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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).