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

AGNC Investment Corp. (NASDAQ:AGNC) announced a oct 24 dividend on Wednesday, October 9th, RTT News reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, November 12th.

AGNC Investment has a dividend payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.1 %

NASDAQ AGNC traded down $0.01 during mid-day trading on Wednesday, hitting $10.30. The company’s stock had a trading volume of 9,726,446 shares, compared to its average volume of 13,001,312. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $10.23 and its 200 day simple moving average is $9.88. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.85. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 11.36 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) 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 the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company’s revenue was up 52.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Analysts anticipate that AGNC Investment will post 2.11 earnings per share for the current year.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated 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 $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Compass Point raised their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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).