AGNC Investment Corp. (NASDAQ:AGNC) to Issue $0.12 Monthly Dividend

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, October 9th. This represents a $1.44 annualized dividend and a yield of 13.68%. The ex-dividend date is Monday, September 30th.

AGNC Investment has a dividend payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AGNC Investment to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 73.5%.

AGNC Investment Stock Up 1.2 %

Shares of AGNC stock traded up $0.13 during trading hours on Friday, reaching $10.53. The company had a trading volume of 17,232,323 shares, compared to its average volume of 12,953,098. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $9.85. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 11.57 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 52.1% compared to the same quarter last year. On average, research analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the transaction, the chief financial officer now owns 308,182 shares in the company, valued at approximately $3,072,574.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on AGNC shares. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Royal Bank of Canada raised their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Compass Point lifted their price objective on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

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).