AGNC Investment (NASDAQ:AGNC) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

AGNC Investment (NASDAQ:AGNC) announced its quarterly earnings data on Sunday. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10, MarketWatch Earnings reports. AGNC Investment had a negative net margin of 17.91% and a positive return on equity of 16.29%. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

Shares of AGNC stock traded down $0.09 during trading hours on Tuesday, hitting $16.16. The company had a trading volume of 10,974,526 shares, compared to its average volume of 5,983,593. The company’s fifty day moving average is $15.57 and its 200 day moving average is $14.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.18 and a quick ratio of 0.18. AGNC Investment has a fifty-two week low of $6.25 and a fifty-two week high of $19.65. The stock has a market capitalization of $8.81 billion, a PE ratio of -31.69 and a beta of 0.96.

The business also recently disclosed a jan 21 dividend, which will be paid on Tuesday, February 9th. Stockholders of record on Friday, January 29th will be issued a $0.12 dividend. The ex-dividend date is Thursday, January 28th. This represents a dividend yield of 9.2%. AGNC Investment’s dividend payout ratio is currently 66.67%.

Several analysts recently issued reports on the stock. JMP Securities upped their price objective on shares of AGNC Investment from $15.50 to $16.50 and gave the company a “market outperform” rating in a research note on Friday. Bank of America upped their price objective on shares of AGNC Investment from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. BTIG Research initiated coverage on shares of AGNC Investment in a research note on Monday, November 23rd. They set a “buy” rating and a $16.50 price objective for the company. Jefferies Financial Group initiated coverage on shares of AGNC Investment in a research note on Monday, December 14th. They issued a “hold” rating and a $16.00 price target for the company. Finally, Piper Sandler initiated coverage on shares of AGNC Investment in a research note on Tuesday, December 8th. They issued an “overweight” rating and a $16.50 price target for the company. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. AGNC Investment currently has an average rating of “Buy” and an average price target of $15.43.

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).

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