AGNC Investment (NASDAQ:AGNC) Shares Down 1.6% Following Weak Earnings

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 1.6% on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $10.19 and last traded at $10.21. 9,214,345 shares traded hands during trading, a decline of 29% from the average session volume of 12,991,005 shares. The stock had previously closed at $10.38.

The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the prior year, the company earned $0.65 EPS.

AGNC Investment Announces Dividend

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio is presently 158.24%.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.33.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares in the company, valued at $3,072,574.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently modified their holdings of the company. Norden Group LLC increased its position in shares of AGNC Investment by 985.9% during the 1st quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock valued at $1,837,000 after purchasing an additional 168,473 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after purchasing an additional 189,444 shares during the last quarter. Vanguard Group Inc. increased its position in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. California State Teachers Retirement System increased its position in shares of AGNC Investment by 3.5% during the 1st quarter. California State Teachers Retirement System now owns 674,005 shares of the real estate investment trust’s stock valued at $6,673,000 after purchasing an additional 23,074 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in AGNC Investment during the 3rd quarter worth approximately $17,463,000. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Trading Down 3.6 %

The firm has a 50-day moving average of $10.31 and a 200-day moving average of $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $7.28 billion, a P/E ratio of 11.00 and a beta of 1.47.

AGNC Investment Company Profile

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).