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

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

AGNC Investment Trading Up 0.6 %

Shares of AGNC Investment stock traded up $0.06 during trading hours on Thursday, hitting $10.00. The company’s stock had a trading volume of 2,198,253 shares, compared to its average volume of 12,036,352. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The stock has a 50 day moving average of $9.82 and a 200 day moving average of $9.67. The company has a market capitalization of $7.27 billion, a PE ratio of 10.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on AGNC shares. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday. Compass Point raised their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Jonestrading reduced their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Janney Montgomery Scott began coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.00.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at $2,888,948.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders sold 10,900 shares of company stock worth $102,280 over the last ninety 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).