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

AGNC Investment Corp. (NASDAQ:AGNC) declared a may 24 dividend on Wednesday, May 8th, RTT News reports. Investors of record on Friday, May 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, June 11th.

AGNC Investment has a dividend payout ratio of 73.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGNC Investment to earn $1.99 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 72.4%.

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded up $0.01 during mid-day trading on Wednesday, reaching $9.53. 7,794,669 shares of the company traded hands, compared to its average volume of 11,816,705. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.64. The firm has a market cap of $6.62 billion, a PE ratio of 10.49 and a beta of 1.45. The stock has a fifty day simple moving average of $9.52 and a 200-day simple moving average of $9.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities research analysts anticipate that AGNC Investment will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on AGNC shares. Barclays upped their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Jonestrading dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Compass Point started coverage on AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a document filed with the SEC, which is available through this link. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,900 shares of company stock valued at $149,030. 0.43% of the stock is currently owned by insiders.

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).