AGNC Investment Corp. (NASDAQ:AGNC) Declares $0.12 Apr 24 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) announced a apr 24 dividend on Wednesday, April 10th, RTT News reports. Stockholders 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 dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th.

AGNC Investment has decreased its dividend by an average of 2.6% per year 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 $1.99 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 72.4%.

AGNC Investment Price Performance

Shares of AGNC opened at $9.33 on Friday. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The firm’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $9.26. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period last year, the business earned $0.70 EPS. Equities analysts forecast that AGNC Investment will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, April 24th. The shares were 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 in the company, valued at $706,345.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on AGNC shares. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday. Jonestrading cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Barclays lifted their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock 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).