AGNC Investment Corp. (NASDAQ:AGNC) Announces $0.12 Monthly Dividend

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a monthly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, October 9th. This represents a $1.44 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend is Monday, September 30th.

AGNC Investment has a payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AGNC Investment to earn $1.96 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 73.5%.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC traded up $0.13 during trading hours on Friday, hitting $10.53. The stock had a trading volume of 17,232,323 shares, compared to its average volume of 12,953,098. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The stock's fifty day simple moving average is $10.20 and its 200 day simple moving average is $9.85. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 11.57 and a beta of 1.47. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. During the same quarter last year, the firm posted $0.67 EPS. The company's revenue was up 52.1% compared to the same quarter last year. Sell-side analysts anticipate that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AGNC. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Janney Montgomery Scott began coverage on AGNC Investment in a research note on Thursday, June 6th. They set a "buy" rating and a $10.50 target price for the company. Maxim Group lowered AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Finally, StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.