AGNC Investment (NASDAQ:AGNC) Announces Quarterly Earnings Results

AGNC Investment (NASDAQ:AGNC) released its quarterly earnings data on Monday. The real estate investment trust reported $999.00 EPS for the quarter, topping the consensus estimate of $0.37 by $998.63, Zacks reports. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC traded down $0.15 during midday trading on Monday, reaching $10.75. 17,288,212 shares of the company’s stock traded hands, compared to its average volume of 21,110,412. AGNC Investment has a 1 year low of $8.07 and a 1 year high of $12.19. The company has a market cap of $12.08 billion, a P/E ratio of 7.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The company has a fifty day simple moving average of $10.66 and a two-hundred day simple moving average of $10.66.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, May 11th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Insider Activity

In other AGNC Investment news, EVP Kenneth L. Pollack sold 50,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president owned 552,297 shares in the company, valued at approximately $6,688,316.67. This trade represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $11.91, for a total value of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares in the company, valued at $26,072,073.81. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 775,000 shares of company stock worth $9,246,000 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. WealthCollab LLC purchased a new position in AGNC Investment in the 3rd quarter valued at $33,000. WFA of San Diego LLC purchased a new position in AGNC Investment in the 2nd quarter valued at $37,000. Los Angeles Capital Management LLC purchased a new position in AGNC Investment in the 4th quarter valued at $43,000. Finally, UMB Bank n.a. lifted its holdings in AGNC Investment by 2,603.2% in the 4th quarter. UMB Bank n.a. now owns 5,028 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 4,842 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent research reports. Barclays upped their price objective on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. JPMorgan Chase & Co. lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday. Royal Bank Of Canada upped their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.03.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.