AGNC Investment Corp. to Issue Mar 25 Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) announced a mar 25 dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 9th.

AGNC Investment has increased its dividend payment by an average of 133.1% per year over the last three years. AGNC Investment has a dividend payout ratio of 92.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Down 0.5 %

Shares of AGNC Investment stock traded down $0.05 during trading on Thursday, reaching $10.04. 19,957,884 shares of the stock were exchanged, compared to its average volume of 15,948,304. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $9.96 and its 200 day moving average is $9.93. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 10.35 and a beta of 1.50. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, equities research analysts expect that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AGNC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

About AGNC Investment

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).