AGNC Investment (NASDAQ:AGNC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

AGNC Investment (NASDAQ:AGNC - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04), Zacks reports. The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same period in the previous year, the firm posted $0.53 EPS.

AGNC Investment Stock Up 0.3%

AGNC traded up $0.03 during midday trading on Thursday, hitting $9.62. The company had a trading volume of 25,451,654 shares, compared to its average volume of 20,717,150. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $10.85. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 28.29 and a beta of 1.28. The stock's 50 day moving average price is $9.21 and its 200 day moving average price is $9.43.

AGNC Investment Dividend Announcement

The business also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be paid a $0.12 dividend. This represents a yield of 15.2%. The ex-dividend date is Thursday, July 31st. AGNC Investment's dividend payout ratio (DPR) is currently 423.53%.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of AGNC Investment stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director directly owned 90,345 shares of the company's stock, valued at approximately $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president directly owned 374,019 shares of the company's stock, valued at approximately $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,384 shares of company stock valued at $1,228,039. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of AGNC Investment by 16.0% during 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 acquiring an additional 387,524 shares in the last quarter. AQR Capital Management LLC increased its position in shares of AGNC Investment by 51.9% during the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust's stock worth $614,000 after acquiring an additional 21,897 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of AGNC Investment by 38.4% during the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 6,923 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AGNC shares. Wells Fargo & Company cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group lifted their price target on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.79.

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).