AGNC Investment (NASDAQ:AGNC - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03, Zacks reports. The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same quarter in the prior year, the business earned $0.58 EPS.
AGNC Investment Stock Performance
Shares of AGNC traded up $0.13 during midday trading on Friday, reaching $8.85. 36,518,210 shares of the stock were exchanged, compared to its average volume of 19,099,062. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 9.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.85. The business's 50-day moving average price is $9.56 and its 200 day moving average price is $9.67.
AGNC Investment Announces Dividend
The company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment's payout ratio is 360.00%.
Analysts Set New Price Targets
AGNC has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Argus upgraded shares of AGNC Investment to a "hold" rating in a research note on Tuesday, February 4th. Jones Trading dropped their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company decreased their price target on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.11.
View Our Latest Report on AGNC Investment
Insider Buying and Selling
In other news, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bernice Bell sold 13,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.
AGNC Investment Company Profile
(
Get Free Report)
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).
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