AGNC Investment Corp. Announces Monthly Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Friday, September 13th, Zacks reports. Investors 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 payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 opened at $10.53 on Friday. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.85. 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 business’s fifty day moving average is $10.20 and its 200-day moving average is $9.85. The stock has a market cap of $7.65 billion, a PE ratio of 11.57 and a beta of 1.47.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on AGNC shares. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the completion of the transaction, the chief financial officer now owns 308,182 shares in the company, valued at approximately $3,072,574.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

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).