AGNC Investment Corp. (AGNC) to Issue Nov 24 Dividend of $0.12 on December 10th

AGNC Investment Corp. (NASDAQ:AGNC) declared a nov 24 dividend on Thursday, November 7th,RTT News reports. Stockholders 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. This represents a dividend 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% meaning 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 $1.63 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 Down 1.1 %

AGNC opened at $9.64 on Wednesday. The stock has a market cap of $8.54 billion, a PE ratio of 6.69 and a beta of 1.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 52 week low of $8.57 and a 52 week high of $10.85. The business’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $9.97.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGNC. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. 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 company’s stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus 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).