AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Beats Expectations By $0.08 EPS

AGNC Investment (NASDAQ:AGNCGet Rating) posted its earnings results on Monday. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08, MarketWatch Earnings reports. AGNC Investment had a net margin of 58.24% and a return on equity of 17.52%. During the same quarter last year, the firm posted $0.76 EPS.

AGNC Investment stock opened at $11.20 on Tuesday. The firm has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $14.38. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $10.86 and a twelve month high of $18.84. The company has a market capitalization of $5.85 billion, a PE ratio of 9.41 and a beta of 1.05.

The firm also recently announced a apr 22 dividend, which will be paid on Tuesday, May 10th. Investors of record on Friday, April 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, April 28th. AGNC Investment’s dividend payout ratio is currently 121.01%.

Several research analysts have recently weighed in on AGNC shares. Bank of America cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $13.75 in a report on Monday, February 14th. TheStreet cut AGNC Investment from a “c” rating to a “d+” rating in a report on Monday, January 31st. Barclays cut their price objective on AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. JPMorgan Chase & Co. lowered shares of AGNC Investment from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.50 to $11.50 in a research report on Monday, April 25th. Finally, Zacks Investment Research cut shares of AGNC Investment from a “hold” rating to a “sell” rating and set a $13.00 price target for the company. in a research note on Tuesday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, AGNC Investment currently has an average rating of “Hold” and an average price target of $15.39.

In other news, Director Gary D. Kain sold 400,000 shares of the firm’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $14.10, for a total transaction of $5,640,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Morgan Stanley raised its holdings in AGNC Investment by 11.9% during the 2nd quarter. Morgan Stanley now owns 2,802,687 shares of the real estate investment trust’s stock valued at $47,337,000 after buying an additional 298,148 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of AGNC Investment by 420.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 69,623 shares of the real estate investment trust’s stock valued at $1,047,000 after acquiring an additional 56,252 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of AGNC Investment by 639.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 103,604 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 89,585 shares during the period. Cetera Investment Advisers grew its stake in shares of AGNC Investment by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 28,394 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 2,973 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in AGNC Investment by 6.1% during the 4th quarter. MML Investors Services LLC now owns 50,517 shares of the real estate investment trust’s stock valued at $760,000 after purchasing an additional 2,923 shares during the period. Hedge funds and other institutional investors own 47.52% of the company’s stock.

AGNC Investment Company Profile (Get Rating)

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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Earnings History for AGNC Investment (NASDAQ:AGNC)

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