AGNC Investment Corp. (NASDAQ:AGNC) announced a jun 19 dividend on Wednesday, June 12th, RTT News reports. Investors of record on Friday, June 28th will be paid a dividend of 0.16 per share by the real estate investment trust on Wednesday, July 10th. The ex-dividend date of this dividend is Thursday, June 27th.
AGNC Investment has decreased its dividend payment by an average of 4.8% annually over the last three years. AGNC Investment has a dividend payout ratio of 78.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect AGNC Investment to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 93.7%.
Shares of NASDAQ:AGNC traded up $0.05 during midday trading on Wednesday, reaching $16.75. The company’s stock had a trading volume of 315,059 shares, compared to its average volume of 5,191,171. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 2.77 and a beta of 0.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.25 and a quick ratio of 0.25. AGNC Investment has a fifty-two week low of $16.19 and a fifty-two week high of $19.72.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. The business had revenue of $164.00 million during the quarter, compared to the consensus estimate of $327.08 million. During the same period in the prior year, the company earned $0.60 earnings per share. Analysts anticipate that AGNC Investment will post 2.02 EPS for the current year.
A number of research analysts have recently issued reports on AGNC shares. BidaskClub raised AGNC Investment from a “strong sell” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Nomura began coverage on shares of AGNC Investment in a research report on Wednesday, March 27th. They set a “neutral” rating and a $18.00 price target for the company. TheStreet raised shares of AGNC Investment from a “d+” rating to a “c” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.60.
In related news, CEO Gary D. Kain purchased 97,802 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $17.73 per share, for a total transaction of $1,734,029.46. Following the purchase, the chief executive officer now directly owns 1,300 shares in the company, valued at $23,049. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Morris A. Davis sold 11,537 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.94, for a total transaction of $206,973.78. Following the sale, the director now owns 17,546 shares in the company, valued at $314,775.24. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
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).
Featured Story: Float
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.