AGNC Investment (AGNC) Set to Announce Quarterly Earnings on Monday

AGNC Investment (NASDAQ:AGNC) will be posting its quarterly earnings results after the market closes on Monday, April 22nd. Analysts expect AGNC Investment to post earnings of $0.55 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The business had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $570.42 million. During the same period in the previous year, the business earned $0.74 earnings per share. On average, analysts expect AGNC Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.31 on Monday. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The business has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $9.26. 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 stock has a market cap of $6.47 billion, a price-to-earnings ratio of 931.93 and a beta of 1.45.

AGNC Investment Announces Dividend

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

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now directly owns 287,282 shares in the company, valued at approximately $2,829,727.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. purchased a new stake in AGNC Investment in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC purchased a new stake in AGNC Investment in the 2nd quarter worth approximately $29,000. Worth Asset Management LLC purchased a new stake in AGNC Investment in the 1st quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in AGNC Investment by 128.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,015 shares during the period. Finally, Ossiam lifted its holdings in AGNC Investment by 25.8% in the 1st quarter. Ossiam now owns 8,566 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 1,759 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada reduced their target price on 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 initiated coverage on AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 price target for the company. Barclays lifted their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Compass Point initiated coverage on AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.93.

About AGNC Investment

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).