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

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a feb 25 dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Friday, February 28th will be given 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 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 tumble. 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 Stock Up 1.1 %

Shares of NASDAQ AGNC traded up $0.11 during mid-day trading on Friday, reaching $10.43. The company had a trading volume of 19,562,474 shares, compared to its average volume of 19,267,572. The stock has a fifty day moving average of $9.63 and a two-hundred day moving average of $9.89. AGNC Investment has a 12-month low of $8.92 and a 12-month high of $10.85. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 10.75 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

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AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS 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%. As a group, equities research analysts expect that AGNC Investment will post 1.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AGNC shares. Argus upgraded AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.50.

Insider Transactions at AGNC Investment

In related news, 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 completion of the transaction, the director now directly owns 75,919 shares of the company's stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the firm'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 completion of the transaction, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently 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).