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 given a dividend of 0.12 per share by the real estate investment trust on Monday, August 11th. This represents a yield of 15.2%. The ex-dividend date of this dividend is Thursday, July 31st.

AGNC Investment has a 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 fall. 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 down $0.05 during trading on Friday, reaching $9.40. The company had a trading volume of 15,623,519 shares, compared to its average volume of 22,218,955. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 23.50 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The stock's fifty day moving average price is $9.14 and its 200 day moving average price is $9.43. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.58 earnings per share. As a group, equities research analysts predict that AGNC Investment will post 1.61 EPS for the current year.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada decreased their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. UBS Group boosted their target price on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.79.

Insider Buying and Selling

In other news, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the sale, the executive vice president directly owned 374,019 shares in the company, valued at $3,321,288.72. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna Blank sold 17,218 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the transaction, the director owned 90,345 shares of the company's stock, valued at $783,291.15. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock valued at $1,228,039 over the last three months. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 acquiring an additional 387,524 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of AGNC Investment by 51.9% during the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust's stock valued at $614,000 after buying an additional 21,897 shares during the period. Finally, NewEdge Advisors LLC grew its stake in AGNC Investment by 38.4% during the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 6,923 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).