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

AGNC Investment Corp. (NASDAQ:AGNC) announced 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. This represents a yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th.

AGNC Investment has a 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 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 Up 1.2 %

AGNC stock opened at $9.76 on Thursday. AGNC Investment has a fifty-two week low of $8.62 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.47. The business’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $9.97.

AGNC Investment (NASDAQ:AGNC) last released 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 23.41%. The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter last year, the company posted $0.65 earnings per share. On average, equities analysts anticipate that AGNC Investment will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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