AGNC Investment Corp. (AGNC) to Issue Apr 24 Dividend of $0.12 on May 9th

AGNC Investment Corp. (NASDAQ:AGNC) announced a apr 24 dividend on Wednesday, April 10th, RTT News reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, May 9th. This represents a yield of 15.4%. The ex-dividend date is Monday, April 29th.

AGNC Investment has decreased its dividend payment by an average of 2.6% annually over the last three years. AGNC Investment has a payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AGNC Investment to earn $2.03 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 70.9%.

AGNC Investment Trading Up 1.0 %

Shares of AGNC opened at $9.33 on Friday. The business has a 50-day moving average of $9.55 and a 200 day moving average of $9.26. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The firm has a market cap of $6.48 billion, a P/E ratio of 10.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter last year, the company posted $0.70 EPS. As a group, research analysts forecast that AGNC Investment will post 2.18 EPS for the current year.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGNC. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday. Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price for the company. Royal Bank of Canada dropped their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Barclays boosted their target price on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $9.79.

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).