AGNC Investment Corp. (NASDAQ:AGNC) Declares Nov 24 Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) announced a nov 24 dividend on Thursday, November 7th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, December 10th.

AGNC Investment has a dividend payout ratio of 83.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect AGNC Investment to earn $1.63 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 88.3%.

AGNC Investment Price Performance

AGNC stock opened at $9.52 on Friday. The stock has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $9.94. AGNC Investment has a 1 year low of $8.22 and a 1 year high of $10.85. The stock has a market cap of $8.43 billion, a PE ratio of 6.61 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities analysts forecast that AGNC Investment will post 1.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Compass Point upped their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

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).