AGNC Investment (NASDAQ:AGNC) Issues Quarterly Earnings Results

AGNC Investment (NASDAQ:AGNC) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03), Zacks reports. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.The firm had revenue of $903.00 million for the quarter, compared to the consensus estimate of $466.39 million. During the same period last year, the firm earned $0.43 EPS.

AGNC Investment Trading Down 0.5%

NASDAQ:AGNC opened at $10.05 on Wednesday. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $10.63. The firm has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.47 billion, a P/E ratio of 15.00 and a beta of 1.32.

AGNC Investment Announces Dividend

The business also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.12 per share. This represents a dividend yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Piper Sandler lifted their price target on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Jones Trading reaffirmed a “buy” rating and set a $10.00 price target on shares of AGNC Investment in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and an average target price of $10.04.

Insiders Place Their Bets

In related news, Director Paul E. Mullings sold 11,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the completion of the transaction, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John D. Fisk sold 20,278 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the transaction, the director owned 112,685 shares of the company’s stock, valued at $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. State Street Corp lifted its position in AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after purchasing an additional 1,906,785 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after acquiring an additional 387,524 shares during the period. Raymond James Financial Inc. raised its position in shares of AGNC Investment by 9.8% in the second quarter. Raymond James Financial Inc. now owns 3,501,063 shares of the real estate investment trust’s stock worth $32,175,000 after acquiring an additional 311,480 shares during the period. Marshall Wace LLP raised its position in shares of AGNC Investment by 46.4% in the second quarter. Marshall Wace LLP now owns 783,506 shares of the real estate investment trust’s stock worth $7,200,000 after acquiring an additional 248,238 shares during the period. Finally, Invesco Ltd. raised its position in shares of AGNC Investment by 8.9% in the second quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock worth $22,925,000 after acquiring an additional 203,610 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).