AGNC Investment Corp. (NASDAQ:AGNC) Declares $0.12 Dec 24 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) declared a dec 24 dividend on Wednesday, December 11th,RTT News reports. Stockholders 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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

AGNC stock remained flat at $9.61 on Wednesday. The company had a trading volume of 13,781,020 shares, compared to its average volume of 14,101,484. The firm’s 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $9.96. The company has a market cap of $8.51 billion, a P/E ratio of 6.67 and a beta of 1.47. AGNC Investment has a one year low of $8.87 and a one year high of $10.85. 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) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts forecast that AGNC Investment will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGNC. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Company Profile

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).