AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Misses Expectations By $0.04 EPS

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04), Yahoo Finance reports. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. During the same quarter last year, the firm posted $0.65 earnings per share.

AGNC Investment Stock Down 3.6 %

Shares of NASDAQ AGNC opened at $10.01 on Wednesday. The business has a 50-day moving average of $10.31 and a two-hundred day moving average of $9.93. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 11.00 and a beta of 1.47. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27.

AGNC Investment Announces Dividend

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

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGNC. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

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).