AGNC Investment Corp. (NASDAQ:AGNC) to Issue $0.12 Feb 25 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) announced a feb 25 dividend on Thursday, February 13th, RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, March 11th. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th.

AGNC Investment has raised its dividend payment by an average of 133.1% annually over the last three years. AGNC Investment has a dividend payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.53 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $9.32 billion, a PE ratio of 10.85 and a beta of 1.48. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The business’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $9.91.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, research analysts expect that AGNC Investment will post 1.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Argus raised shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.

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).