AGNC Investment (NASDAQ:AGNC) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

AGNC Investment (NASDAQ:AGNC - Get Free Report) issued its quarterly earnings results 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 firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. During the same period last year, the company earned $0.65 EPS.

AGNC Investment Stock Down 3.6 %

Shares of AGNC stock traded down $0.37 during trading hours on Tuesday, hitting $10.01. 33,830,824 shares of the company were exchanged, compared to its average volume of 13,111,674. The company has a market capitalization of $7.28 billion, a PE ratio of 11.22 and a beta of 1.47. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.85. The business has a 50 day moving average of $10.31 and a two-hundred day moving average of $9.92. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment Dividend Announcement

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment's dividend payout ratio (DPR) is presently 158.24%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGNC. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an "outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Maxim Group cut AGNC Investment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. One investment 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, AGNC Investment currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares of the company's stock, valued at $3,072,574.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company's stock.

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).