AGNC Investment Corp. (NASDAQ:AGNC) Declares Mar 25 Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) declared a mar 25 dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 9th. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st.

AGNC Investment has raised its dividend by an average of 133.1% annually over the last three years. AGNC Investment has a dividend payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.24 on Friday. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $9.37 billion, a PE ratio of 10.56 and a beta of 1.50. The company’s 50 day simple moving average is $9.98 and its two-hundred day simple moving average is $9.93.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Analysts predict that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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).