AGNC Investment Corp. Announces Jun 21 Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) announced a jun 21 dividend on Thursday, June 10th, RTT News reports. Stockholders of record on Wednesday, June 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, July 12th.

AGNC Investment has a payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Analysts expect AGNC Investment to earn $2.34 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 61.5%.

Shares of NASDAQ AGNC opened at $18.62 on Friday. AGNC Investment has a 52-week low of $12.43 and a 52-week high of $18.84. The company’s fifty day moving average is $17.95. The stock has a market cap of $9.77 billion, a PE ratio of 3.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.32 and a quick ratio of 0.32.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.13. AGNC Investment had a net margin of 239.30% and a return on equity of 17.44%. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same period in the previous year, the company earned $0.57 EPS. The business’s quarterly revenue was up 712.3% compared to the same quarter last year. On average, sell-side analysts forecast that AGNC Investment will post 2.65 earnings per share for the current fiscal year.

In other news, Director Morris A. Davis sold 7,475 shares of the company’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $17.90, for a total value of $133,802.50. Following the sale, the director now owns 33,850 shares in the company, valued at approximately $605,915. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Aaron Pas sold 5,138 shares of the company’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $16.55, for a total transaction of $85,033.90. Following the completion of the sale, the senior vice president now owns 143,608 shares in the company, valued at approximately $2,376,712.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

AGNC has been the subject of several research reports. TheStreet raised shares of AGNC Investment from a “d” rating to a “c-” rating in a research note on Thursday, March 18th. Keefe, Bruyette & Woods cut shares of AGNC Investment from an “outperform” rating to a “market perform” rating and set a $18.25 price target for the company. in a research report on Sunday, June 6th. They noted that the move was a valuation call. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research report on Tuesday. Finally, Barclays upped their price target on shares of AGNC Investment from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.78.

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).

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Dividend History for AGNC Investment (NASDAQ:AGNC)

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