AGNC Investment Corp. (NASDAQ:AGNC) to Issue Monthly Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Monday, September 30th will be given 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 of this dividend is Monday, September 30th.

AGNC Investment has a dividend payout ratio of 73.1% indicating that 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 Price Performance

NASDAQ AGNC traded up $0.13 on Friday, reaching $10.53. The company’s stock had a trading volume of 17,232,323 shares, compared to its average volume of 12,953,098. The firm has a market cap of $8.24 billion, a PE ratio of 11.57 and a beta of 1.47. 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 52 week low of $6.81 and a 52 week high of $10.85. The business has a 50-day moving average price of $10.20 and a 200 day moving average price of $9.85.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results 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). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same quarter last year, the business earned $0.67 EPS. AGNC Investment’s quarterly revenue was up 52.1% compared to the same quarter last year. Sell-side analysts expect that AGNC Investment will post 2.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on AGNC shares. Compass Point increased their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Janney Montgomery Scott began coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective for the company. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.33.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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).