AGNC Investment Corp. (NASDAQ:AGNC) Announces Mar 25 Dividend of $0.12

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

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% 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 $1.57 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 2.0 %

Shares of AGNC stock traded up $0.20 during mid-day trading on Friday, hitting $10.24. The company's stock had a trading volume of 18,400,834 shares, compared to its average volume of 16,014,018. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 10.56 and a beta of 1.50. 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 has a 52-week low of $8.92 and a 52-week high of $10.85. The business has a 50-day moving average price of $9.99 and a 200 day moving average price of $9.92.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted 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 net margin of 29.26% and a return on equity of 21.92%. Research analysts predict that AGNC Investment will post 1.61 EPS for the current fiscal year.

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Insider Transactions at AGNC Investment

In other AGNC Investment news, 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 transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were 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 in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $11.00 price target on shares of AGNC Investment in a report on Thursday, January 30th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

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).