AGNC Investment Corp. (NASDAQ:AGNC) to Issue $0.12 Nov 24 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) announced a nov 24 dividend on Thursday, November 7th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, December 10th. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th.

AGNC Investment has a payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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

Shares of AGNC Investment stock opened at $9.76 on Thursday. AGNC Investment has a 1-year low of $8.62 and a 1-year high of $10.85. The firm’s 50-day moving average price is $10.00 and its two-hundred day moving average price is $9.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.47.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada lifted 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. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average target price 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).