AGNC Investment Corp. to Issue 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 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date is Monday, September 30th.

AGNC Investment has a payout ratio of 73.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 1.2 %

NASDAQ:AGNC opened at $10.53 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.85. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 11.57 and a beta of 1.47. The business’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $9.85.

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

Insider Activity

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott began coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

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).