AGNC Investment Corp. (NASDAQ:AGNC) to Issue Jul 25 Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a jul 25 dividend on Wednesday, July 9th, RTT News reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, August 11th.

AGNC Investment has a dividend payout ratio of 88.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities research 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 Performance

Shares of NASDAQ AGNC traded up $0.08 during trading on Wednesday, hitting $9.50. The company had a trading volume of 17,425,764 shares, compared to its average volume of 22,223,814. The stock has a 50 day simple moving average of $9.11 and a 200 day simple moving average of $9.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $10.85. The firm has a market capitalization of $9.69 billion, a P/E ratio of 23.75 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same quarter last year, the company earned $0.58 earnings per share. As a group, analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current year.

Insiders Place Their Bets

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the sale, the director owned 90,345 shares in the company, valued at approximately $783,291.15. The trade was a 16.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $8.88, for a total value of $429,197.04. Following the sale, the chief executive officer owned 1,643,088 shares in the company, valued at approximately $14,590,621.44. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,384 shares of company stock valued at $1,228,039. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of AGNC Investment

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in AGNC Investment by 51.9% during the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust's stock worth $614,000 after purchasing an additional 21,897 shares in the last quarter. NewEdge Advisors LLC boosted its position in AGNC Investment by 38.4% during the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 6,923 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in AGNC Investment by 16.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust's stock worth $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGNC. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, Jones Trading dropped their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.75.

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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