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

AGNC Investment Corp. (NASDAQ:AGNC) announced a monthly dividend on Thursday, November 12th. Shareholders of record on Monday, November 30th will be given a dividend of $0.12 per share by the real estate investment trust on Wednesday, December 9th. This represents a $1.44 annualized dividend and a yield of 17.6%. The ex-dividend date of this dividend is Monday, November 30th.

AGNC Investment has a payout ratio of 88.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect AGNC Investment to earn $1.51 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 95.4%.

AGNC Investment Stock Down 3.3%

NASDAQ AGNC opened at $8.20 on Friday. The stock’s 50 day moving average is $9.20 and its 200 day moving average is $10.36. The firm has a market capitalization of $10.45 billion, a PE ratio of 820.82 and a beta of 1.40. AGNC Investment has a twelve month low of $8.19 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, research analysts anticipate that AGNC Investment will post 1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

AGNC has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price target on AGNC Investment from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Finally, Wells Fargo & Company reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.12.

AGNC Investment Company Profile

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.