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

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings results on Monday. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04), Yahoo Finance reports. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.65 EPS.

AGNC Investment Trading Down 3.6 %

Shares of AGNC Investment stock opened at $10.01 on Wednesday. The business has a fifty day simple moving average of $10.31 and a 200-day simple moving average of $9.93. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.85. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 11.00 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment Announces Dividend

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

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGNC. Royal Bank of Canada upped their target price 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. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. 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 note on Thursday, July 25th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

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).