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

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

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded down $0.38 during midday trading on Wednesday, reaching $9.94. The company’s stock had a trading volume of 25,918,840 shares, compared to its average volume of 12,105,549. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The business’s 50 day moving average price is $9.82 and its two-hundred day moving average price is $9.66. The company has a market cap of $7.23 billion, a P/E ratio of 11.24 and a beta of 1.48.

AGNC Investment Dividend Announcement

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

Analysts Set New Price Targets

AGNC has been the subject of several research reports. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Jonestrading cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Compass Point raised their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $9.97.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 3,500 shares of AGNC Investment 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Bernice Bell sold 3,500 shares of AGNC Investment 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction that occurred on Friday, May 3rd. The shares were 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 in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold 10,900 shares of company stock valued at $102,280 over the last three months. 0.52% of the stock is owned by insiders.

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).