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

AGNC Investment Corp. (NASDAQ:AGNC) declared a nov 24 dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, December 10th.

AGNC Investment has a payout ratio of 83.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Up 1.5 %

AGNC traded up $0.14 during midday trading on Thursday, reaching $9.52. 20,933,625 shares of the company’s stock traded hands, compared to its average volume of 14,020,701. The firm has a fifty day moving average of $10.18 and a two-hundred day moving average of $9.95. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 6.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment has a 52 week low of $8.22 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same period last year, the business earned $0.65 EPS. On average, equities analysts anticipate that AGNC Investment will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGNC. Keefe, Bruyette & Woods raised their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Compass Point lifted their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

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).