AGNC Investment (NASDAQ:AGNC) Announces Earnings Results

Key Points

• AGNC Investment reported quarterly EPS of $0.37, in line with analysts’ consensus estimates. The REIT posted a 17.96% return on equity and a 57.94% net margin.
• AGNC shares fell 3.2% to $8.44, near their 52-week low of $8.39. The stock has a market capitalization of approximately $10.01 billion.
• The company declared a monthly dividend of $0.12 per share, equivalent to an annualized $1.44 payout and a 17.1% dividend yield. Analysts’ consensus rating is “Hold,” with an average price target of $10.89.

AGNC Investment (NASDAQ:AGNC - Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37, Zacks reports. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.

AGNC Investment Stock Down 3.2%

Shares of AGNC stock traded down $0.28 during trading hours on Monday, reaching $8.44. 41,488,471 shares of the company's stock were exchanged, compared to its average volume of 21,701,426. AGNC Investment has a fifty-two week low of $8.39 and a fifty-two week high of $12.19. The stock has a market capitalization of $10.01 billion, a P/E ratio of 4.44 and a beta of 1.36. The business has a fifty day moving average price of $10.01 and a 200-day moving average price of $10.41.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.12 per share. 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 payout ratio is 75.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AGNC. Compass Point lowered AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target for the company. in a report on Friday, July 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings downgraded shares of AGNC Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and eight 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 $10.89.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

About AGNC Investment

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.

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