AGNC Investment (NASDAQ:AGNC) Issues Quarterly Earnings Results, Meets Estimates

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37, Zacks reports. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC traded down $0.28 during midday trading on Monday, reaching $8.44. The company’s stock had a trading volume of 41,582,231 shares, compared to its average volume of 21,702,584. The business’s fifty day simple moving average is $10.01 and its 200-day simple moving average is $10.41. AGNC Investment has a fifty-two week low of $8.39 and a fifty-two week high of $12.19. The company has a market capitalization of $10.01 billion, a P/E ratio of 4.44 and a beta of 1.36.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.1%. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

Analyst Ratings Changes

Several brokerages recently commented on AGNC. Weiss Ratings lowered AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Finally, Wells Fargo & Company cut their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.89.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.