AGNC Investment Corp. Declares Sep 25 Dividend of $0.12 (NASDAQ:AGNC)

Key Points

• AGNC Investment Corp. has declared a $0.12 dividend payable on October 9th for shareholders on record as of September 30th.
• The company reported a quarterly earnings per share of $0.38, missing analysts' expectations of $0.42, alongside significant revenue of $830 million.
• Equities analysts maintain a consensus rating of "Moderate Buy" for AGNC, with a price target averaging around $9.63.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a sep 25 dividend on Thursday, September 11th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, October 9th.

AGNC Investment has a dividend 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 tumble. Equities analysts expect AGNC Investment to earn $1.57 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 91.7%.

AGNC Investment Stock Down 0.2%

NASDAQ:AGNC traded down $0.02 during midday trading on Thursday, hitting $10.23. 15,783,137 shares of the company were exchanged, compared to its average volume of 25,021,760. The company has a fifty day simple moving average of $9.63 and a 200 day simple moving average of $9.40. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.66 billion, a PE ratio of 30.09 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The business had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on AGNC shares. UBS Group lifted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Jones Trading reaffirmed a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.63.

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).

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