AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% Following Better-Than-Expected Earnings

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price traded up 0.1% during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $9.29 and last traded at $9.21. 6,795,513 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 11,665,848 shares. The stock had previously closed at $9.20.

The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period last year, the company earned $0.70 EPS.

AGNC Investment Announces Dividend

The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s payout ratio is 14,414.41%.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent research reports. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Barclays boosted their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. Jonestrading cut their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.86.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Bank increased its holdings in AGNC Investment by 1.5% in the 1st quarter. Bell Bank now owns 564,106 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 8,601 shares in the last quarter. Global Retirement Partners LLC boosted its stake in AGNC Investment by 12.3% in the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,238 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in AGNC Investment by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 2,274 shares during the period. Strategic Financial Concepts LLC bought a new position in AGNC Investment in the 1st quarter worth approximately $617,000. Finally, PFG Investments LLC boosted its stake in AGNC Investment by 880.9% in the 1st quarter. PFG Investments LLC now owns 129,501 shares of the real estate investment trust’s stock worth $1,282,000 after purchasing an additional 116,299 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Up 1.8 %

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.51 billion, a P/E ratio of 937.94 and a beta of 1.45. The company has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $9.26.

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).