AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a dec 24 dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.12 per share by the real estate investment trust on Friday, January 10th.
AGNC Investment has a payout ratio of 84.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities analysts expect AGNC Investment to earn $1.63 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 88.3%.
AGNC Investment Price Performance
Shares of AGNC Investment stock remained flat at $9.61 during trading hours on Wednesday. The stock had a trading volume of 13,781,020 shares, compared to its average volume of 14,101,484. The business has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $9.96. AGNC Investment has a 52-week low of $8.87 and a 52-week high of $10.85. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 6.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts forecast that AGNC Investment will post 1.94 EPS for the current year.
Analyst Ratings Changes
Several research firms have weighed in on AGNC. 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. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company upgraded AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.44.
Read Our Latest Report on AGNC Investment
About AGNC Investment
(
Get Free Report)
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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