AGNC Investment (NASDAQ:AGNC) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

AGNC Investment (NASDAQ:AGNC - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03, Zacks reports. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. During the same quarter in the previous year, the company posted $0.58 earnings per share.

AGNC Investment Stock Performance

AGNC stock traded up $0.10 during mid-day trading on Thursday, reaching $8.71. 4,542,691 shares of the stock traded hands, compared to its average volume of 18,893,616. The firm has a market capitalization of $7.97 billion, a PE ratio of 8.98 and a beta of 1.32. The business has a 50-day moving average of $9.63 and a two-hundred day moving average of $9.69. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment Announces Dividend

The company also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 17.7%. AGNC Investment's dividend payout ratio (DPR) is presently 148.45%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGNC. Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Finally, Argus raised shares of AGNC Investment to a "hold" rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.11.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate 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).