AGNC Investment Corp. (NASDAQ:AGNC) Announces $0.12 Nov 24 Dividend

AGNC Investment Corp. (NASDAQ:AGNC) announced a nov 24 dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, December 10th. This represents a yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th.

AGNC Investment has a dividend payout ratio of 83.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect AGNC Investment to earn $1.63 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 88.3%.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.64 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment has a one year low of $8.57 and a one year high of $10.85. The company has a 50-day simple moving average of $10.02 and a two-hundred day simple moving average of $9.97. The firm has a market capitalization of $8.54 billion, a PE ratio of 6.69 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts anticipate that AGNC Investment will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AGNC shares. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.33.

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).