AGNC Investment Corp. (NASDAQ:AGNC) Announces Aug 24 Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) announced a aug 24 dividend on Thursday, August 8th, RTT News reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, September 11th. This represents a yield of 14.5%. The ex-dividend date of this dividend is Friday, August 30th.

AGNC Investment has a dividend payout ratio of 73.1% meaning 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 Performance

AGNC stock opened at $10.28 on Thursday. The firm has a market cap of $7.47 billion, a PE ratio of 11.30 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $10.01 and its two-hundred day moving average price is $9.73. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.57.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The company’s revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, research analysts forecast that AGNC Investment will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on AGNC shares. Royal Bank of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Compass Point boosted their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $10.13.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

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).