AGNC Investment Corp. (AGNC) To Go Ex-Dividend on July 31st

AGNC Investment Corp. (NASDAQ:AGNC) announced a jul 24 dividend on Wednesday, July 10th, RTT News reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.12 per share by the real estate investment trust on Friday, August 9th. This represents a dividend yield of 13.8%. The ex-dividend date is Wednesday, July 31st.

AGNC Investment has a dividend payout ratio of 72.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ:AGNC opened at $10.05 on Monday. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.31 billion, a PE ratio of 11.04 and a beta of 1.48. The company’s 50 day moving average is $9.83 and its 200 day moving average is $9.66.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The business had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the company earned $0.67 earnings per share. The firm’s revenue was up 52.1% on a year-over-year basis. On average, sell-side analysts forecast that AGNC Investment will post 2.11 EPS for the current year.

Insider Activity

In related news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold 10,900 shares of company stock worth $102,280 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jonestrading reduced their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Compass Point upped their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, Janney Montgomery Scott started coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

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).