AGNC Investment Corp. (NASDAQ:AGNC) declared a dec 19 dividend on Tuesday, December 10th, RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.16 per share by the real estate investment trust on Friday, January 10th.
AGNC Investment has decreased its dividend payment by an average of 5.8% annually over the last three years. AGNC Investment has a dividend payout ratio of 89.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect AGNC Investment to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 92.3%.
Shares of NASDAQ:AGNC opened at $17.34 on Thursday. The firm has a market cap of $9.37 billion, a P/E ratio of 7.38, a P/E/G ratio of 2.74 and a beta of 0.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.03. AGNC Investment has a 12-month low of $14.51 and a 12-month high of $18.29. The business has a fifty day simple moving average of $17.14 and a 200 day simple moving average of $16.64.
Several research analysts recently issued reports on the company. Bank of America assumed coverage on AGNC Investment in a research report on Monday, November 11th. They set a “neutral” rating for the company. Royal Bank of Canada assumed coverage on AGNC Investment in a research report on Wednesday, October 2nd. They set a “sector perform” rating and a $16.00 target price for the company. BidaskClub lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Saturday, December 7th. Maxim Group reaffirmed a “buy” rating and set a $18.00 target price on shares of AGNC Investment in a research report on Friday, November 1st. Finally, ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AGNC Investment presently has an average rating of “Hold” and a consensus target price of $17.57.
In other AGNC Investment news, Director Morris A. Davis purchased 7,350 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $17.02 per share, for a total transaction of $125,097.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
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).
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