AGNC Investment Corp. (NASDAQ:AGNC) Plans $0.16 Oct 19 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) declared a oct 19 dividend on Thursday, October 10th, RTT News reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.16 per share by the real estate investment trust on Tuesday, November 12th. This represents a dividend yield of 11.9%. The ex-dividend date is Tuesday, October 29th.

Shares of NASDAQ:AGNC traded down $0.12 during trading on Tuesday, reaching $17.30. 4,669,600 shares of the company traded hands, compared to its average volume of 5,133,620. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 2.75 and a beta of 0.26. The business’s fifty day moving average is $16.60 and its 200-day moving average is $16.65. AGNC Investment has a 52-week low of $14.51 and a 52-week high of $18.29.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. The company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $280.17 million. AGNC Investment had a positive return on equity of 11.89% and a negative net margin of 84.94%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts predict that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on AGNC shares. Zacks Investment Research upgraded AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a report on Friday, November 1st. Royal Bank of Canada started coverage on AGNC Investment in a report on Wednesday, October 2nd. They issued a “sector perform” rating and a $16.00 price objective for the company. Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of AGNC Investment in a report on Friday, November 1st. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. Finally, Bank of America assumed coverage on AGNC Investment in a report on Monday, November 11th. They set a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AGNC Investment has an average rating of “Hold” and an average price target of $17.57.

In other news, Director Morris A. Davis bought 7,350 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of $17.02 per share, with a total value of $125,097.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

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).

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Dividend History for AGNC Investment (NASDAQ:AGNC)

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