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

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a may 25 dividend on Wednesday, May 7th, RTT News reports. Investors of record on Friday, May 30th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, June 10th.

AGNC Investment has increased its dividend by an average of 133.1% annually over the last three years. 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 decline. 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 Trading Up 0.4 %

Shares of NASDAQ:AGNC traded up $0.04 during trading on Wednesday, reaching $8.72. The stock had a trading volume of 24,661,682 shares, compared to its average volume of 27,357,996. AGNC Investment has a 52 week low of $7.85 and a 52 week high of $10.85. The firm's fifty day moving average is $9.33 and its 200 day moving average is $9.58. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 8.98 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period last year, the business posted $0.58 EPS. As a group, equities analysts forecast that AGNC Investment will post 1.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president now owns 374,019 shares in the company, valued at approximately $3,321,288.72. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director now directly owns 90,345 shares of the company's stock, valued at $783,291.15. This represents a 16.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,384 shares of company stock valued at $1,228,039. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AGNC shares. JPMorgan Chase & Co. cut their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Jones Trading cut their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment presently has an average rating of "Moderate Buy" and a consensus target price of $9.96.

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).

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