AGNC Investment (NASDAQ:AGNC) posted its quarterly earnings data on Sunday. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10, MarketWatch Earnings reports. AGNC Investment had a positive return on equity of 16.29% and a negative net margin of 17.91%. During the same period last year, the firm earned $0.64 EPS.
Shares of AGNC opened at $16.16 on Wednesday. The company has a market capitalization of $8.81 billion, a P/E ratio of -31.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.18 and a quick ratio of 0.18. AGNC Investment has a one year low of $6.25 and a one year high of $19.65. The business’s 50 day simple moving average is $15.58 and its 200-day simple moving average is $14.52.
The firm also recently announced a jan 21 dividend, which will be paid on Tuesday, February 9th. Stockholders of record on Friday, January 29th will be issued a $0.12 dividend. This represents a dividend yield of 9.2%. The ex-dividend date is Thursday, January 28th. AGNC Investment’s payout ratio is currently 66.67%.
A number of research firms have recently commented on AGNC. Bank of America lifted their price objective on AGNC Investment from $14.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 25th. BTIG Research assumed coverage on AGNC Investment in a research note on Monday, November 23rd. They set a “buy” rating and a $16.50 price target on the stock. JMP Securities boosted their price target on AGNC Investment from $15.50 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, January 22nd. Piper Sandler assumed coverage on AGNC Investment in a research note on Tuesday, December 8th. They set an “overweight” rating and a $16.50 price target on the stock. Finally, Jefferies Financial Group assumed coverage on AGNC Investment in a research note on Monday, December 14th. They set a “hold” rating and a $16.00 price target on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.43.
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).
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