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

AGNC Investment Corp. (NASDAQ:AGNC) 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.

AGNC Investment has raised its dividend 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 tumble. 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 Down 0.5 %

NASDAQ AGNC opened at $10.04 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. The stock’s 50 day moving average is $9.96 and its two-hundred day moving average is $9.93. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 10.35 and a beta of 1.50. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last announced 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 return on equity of 21.92% and a net margin of 29.26%. Equities analysts forecast that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Argus raised AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.50.

Insiders Place Their Bets

In related news, Director Frances Spark sold 5,000 shares of the company’s 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 completion of the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were 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 of the company’s stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 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).