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

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Friday, April 10th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

AGNC Investment has decreased its dividend payment by an average of 0.0%annually over the last three years. AGNC Investment has a dividend payout ratio of 88.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Stock Up 0.3%

Shares of AGNC traded up $0.04 during trading hours on Friday, hitting $10.43. 1,447,526 shares of the company were exchanged, compared to its average volume of 21,722,033. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $12.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $11.71 billion, a PE ratio of 7.48 and a beta of 1.37. The firm’s 50 day moving average is $11.34 and its 200-day moving average is $10.60.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. On average, equities research analysts forecast that AGNC Investment will post 1.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGNC shares. Wells Fargo & Company raised their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Piper Sandler increased their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Thursday, January 15th. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada upped their target price on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.