AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) announced a oct 24 dividend on Wednesday, October 9th, RTT News reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, November 12th. This represents a yield of 14%. The ex-dividend date is Thursday, October 31st.
AGNC Investment has a dividend payout ratio of 83.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Down 1.0 %
Shares of AGNC Investment stock opened at $9.54 on Wednesday. The firm has a 50-day simple moving average of $10.28 and a two-hundred day simple moving average of $9.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.85. The company has a market cap of $7.46 billion, a P/E ratio of 6.63 and a beta of 1.47.
Wall Street Analysts Forecast Growth
AGNC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Compass Point boosted their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.
Check Out Our Latest Stock Report on AGNC Investment
Insider Buying and Selling
In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at $3,002,692.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by company 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).
See Also
- Five stocks we like better than AGNC Investment
- What Do S&P 500 Stocks Tell Investors About the Market?
- These 3 Dividend ETFs Are Beating the Market in 2024
- What is the Australian Securities Exchange (ASX)
- 3 Stocks With High Short Interest Still Near Their 52-Week Highs
- Top Biotech Stocks: Exploring Innovation Opportunities
- Financial Stocks Holding Firm Near Highs: 2 Key Players to Watch
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.