AGNC Investment (NASDAQ:AGNC) Issues Earnings Results, Misses Expectations By $0.02 EPS

AGNC Investment (NASDAQ:AGNC) issued its earnings results on Monday. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02), FiscalAI reports. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.

AGNC Investment Stock Down 0.4%

Shares of AGNC opened at $11.80 on Tuesday. The firm has a market cap of $12.66 billion, a P/E ratio of 17.61 and a beta of 1.36. The stock has a 50 day simple moving average of $10.84 and a two-hundred day simple moving average of $10.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.31 and a quick ratio of 0.31. AGNC Investment has a 1 year low of $7.85 and a 1 year high of $11.93.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be given a $0.12 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.2%. AGNC Investment’s payout ratio is presently 214.93%.

Analyst Ratings Changes

A number of analysts recently weighed in on AGNC shares. Keefe, Bruyette & Woods upped their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Jones Trading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays raised their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.41.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of AGNC Investment by 12.9% in the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after acquiring an additional 1,906,785 shares in the last quarter. Focus Partners Wealth purchased a new stake in AGNC Investment in the third quarter worth $11,237,000. Raymond James Financial Inc. grew its stake in AGNC Investment by 16.6% in the third quarter. Raymond James Financial Inc. now owns 4,081,577 shares of the real estate investment trust’s stock worth $39,959,000 after purchasing an additional 580,514 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Finally, SummitTX Capital L.P. lifted its position in AGNC Investment by 1,542.2% during the third quarter. SummitTX Capital L.P. now owns 325,990 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 306,139 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.