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

AGNC Investment (NASDAQ:AGNC - Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04), Zacks reports. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%.

AGNC Investment Trading Down 0.2%

AGNC traded down $0.02 during midday trading on Monday, hitting $9.23. 25,219,092 shares of the company were exchanged, compared to its average volume of 22,278,671. The firm has a market capitalization of $9.42 billion, a P/E ratio of 23.08 and a beta of 1.28. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.85. The firm's 50 day moving average price is $9.19 and its 200-day moving average price is $9.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be given a $0.12 dividend. This represents a yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st. AGNC Investment's dividend payout ratio (DPR) is currently 360.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AGNC shares. Argus reiterated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jones Trading decreased their price objective on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.79.

Insiders Place Their Bets

In related news, EVP Kenneth L. Pollack sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the transaction, the executive vice president directly owned 447,841 shares of the company's stock, valued at approximately $4,044,004.23. This represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $8.88, for a total value of $429,197.04. Following the sale, the chief executive officer directly owned 1,643,088 shares of the company's stock, valued at $14,590,621.44. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 in the last ninety days. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 valued at $26,937,000 after acquiring an additional 387,524 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of AGNC Investment by 38.4% in 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 during the period. Finally, AQR Capital Management LLC boosted its stake in 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 valued at $614,000 after buying an additional 21,897 shares during the period. 38.28% of the stock is owned by institutional investors.

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).

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