AGNC Investment (NASDAQ:AGNC – Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37, Zacks reports. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.
AGNC Investment Stock Down 3.2%
NASDAQ:AGNC traded down $0.28 during trading hours on Monday, hitting $8.44. 41,488,471 shares of the stock were exchanged, compared to its average volume of 21,701,426. The company’s 50 day moving average is $10.01 and its two-hundred day moving average is $10.41. AGNC Investment has a twelve month low of $8.39 and a twelve month high of $12.19. The company has a market capitalization of $10.01 billion, a P/E ratio of 4.44 and a beta of 1.36.
AGNC Investment Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 17.1%. The ex-dividend date is Friday, October 30th. AGNC Investment’s payout ratio is 75.79%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Piper Sandler dropped their price objective on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Wells Fargo & Company lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.89.
Read Our Latest Research Report on AGNC
Insider Buying and Selling
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.
The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.
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