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

AGNC Investment Corp. (NASDAQ:AGNC) announced a apr 24 dividend on Wednesday, April 10th, RTT News reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, May 9th. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th.

AGNC Investment has decreased its dividend by an average of 2.6% per year over the last three years. AGNC Investment has a payout ratio of 73.1% meaning its dividend is sufficiently covered by earnings. Analysts expect AGNC Investment to earn $1.99 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 72.4%.

AGNC Investment Trading Up 1.0 %

NASDAQ:AGNC opened at $9.33 on Friday. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The firm has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $9.26. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6.48 billion, a P/E ratio of 10.25 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, equities research analysts anticipate that AGNC Investment will post 2.18 earnings per share for the current year.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AGNC shares. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Barclays boosted their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Compass Point started coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price for the company. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.79.

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).