AGNC Investment (NASDAQ:AGNC) Posts Quarterly Earnings Results

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

AGNC Investment Price Performance

AGNC stock traded up $0.10 during trading on Thursday, hitting $8.71. The company had a trading volume of 4,542,691 shares, compared to its average volume of 18,893,616. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 8.98 and a beta of 1.32. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $9.63 and a 200 day moving average of $9.69. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

AGNC Investment Announces Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment's dividend payout ratio is currently 148.45%.

Insider Transactions at AGNC Investment

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jones Trading decreased their price target on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.11.

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).