AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.6% on Disappointing Earnings

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares fell 1.6% during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $10.19 and last traded at $10.21. 9,214,345 shares traded hands during trading, a decline of 29% from the average session volume of 12,991,005 shares. The stock had previously closed at $10.38.

The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. During the same quarter in the previous year, the company earned $0.65 earnings per share.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

AGNC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Compass Point raised their price target on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a report on Tuesday, July 16th. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Royal Bank of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AGNC Investment currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the transaction, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company's stock.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock valued at $188,000 after buying an additional 1,012 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of AGNC Investment by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust's stock valued at $167,000 after purchasing an additional 1,059 shares during the period. Paragon Capital Management Ltd grew its stake in AGNC Investment by 3.6% in the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock worth $321,000 after purchasing an additional 1,071 shares in the last quarter. Highlander Capital Management LLC increased its holdings in AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 1,200 shares during the period. Finally, Oak Thistle LLC raised its position in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 1,251 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Down 3.6 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $9.92. The firm has a market capitalization of $7.28 billion, a PE ratio of 11.22 and a beta of 1.47.

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).