AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares rose 0.1% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $9.29 and last traded at $9.21. Approximately 6,795,513 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 11,665,848 shares. The stock had previously closed at $9.20.
The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The firm had revenue of $642.00 million during the quarter, compared to analysts' expectations of $568.38 million. During the same period in the prior year, the company posted $0.70 EPS.
AGNC Investment Dividend Announcement
The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment's dividend payout ratio (DPR) is currently 14,414.41%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on AGNC. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research report on Thursday, April 18th. Royal Bank of Canada decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Thursday, January 25th. Jonestrading decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating for the company in a research report on Tuesday. Barclays increased their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, January 22nd. Finally, StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.86.
View Our Latest Analysis on AGNC Investment
Insiders Place Their Bets
In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares of the company's stock, valued at $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.43% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at about $37,000. CENTRAL TRUST Co bought a new position in shares of AGNC Investment during the fourth quarter valued at about $46,000. Allworth Financial LP lifted its position in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of AGNC Investment during the fourth quarter valued at about $55,000. 38.28% of the stock is owned by institutional investors.
AGNC Investment Price Performance
The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The business's 50-day moving average is $9.55 and its two-hundred day moving average is $9.26. The company has a market capitalization of $6.51 billion, a P/E ratio of 937.94 and a beta of 1.45.
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).
Featured Articles
Before you consider AGNC Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AGNC Investment wasn't on the list.
While AGNC Investment currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
