AGNC Investment Corp. (AGNC) to Issue Mar 25 Dividend of $0.12 on April 9th

AGNC Investment Corp. (NASDAQ:AGNC) declared a mar 25 dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 9th. This represents a dividend yield of 14.1%. The ex-dividend date is Monday, March 31st.

AGNC Investment has raised its dividend by an average of 133.1% per year over the last three years. AGNC Investment has a dividend payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Down 2.5 %

NASDAQ:AGNC opened at $9.52 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.81 and a beta of 1.50. The business’s 50-day moving average price is $10.14 and its two-hundred day moving average price is $9.92.

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

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% 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).