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

AGNC Investment Corp. (NASDAQ:AGNC) declared a nov 24 dividend on Thursday, November 7th,RTT News reports. Investors of record on Friday, November 29th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, December 10th.

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. 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

NASDAQ:AGNC traded up $0.14 during mid-day trading on Thursday, hitting $9.52. The company’s stock had a trading volume of 20,933,625 shares, compared to its average volume of 14,020,701. AGNC Investment has a 1 year low of $8.22 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 6.60 and a beta of 1.47. The business’s fifty day moving average is $10.18 and its two-hundred day moving average is $9.95.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the previous year, the company posted $0.65 earnings per share. Analysts anticipate that AGNC Investment will post 1.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGNC. Compass Point upped their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

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).