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

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a jul 25 dividend on Wednesday, July 9th, RTT News reports. Stockholders 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 dividend yield of 15.2%. The ex-dividend date is Thursday, July 31st.

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 Stock Performance

Shares of AGNC stock traded down $0.05 during trading hours on Friday, hitting $9.41. The stock had a trading volume of 3,517,445 shares, compared to its average volume of 22,167,606. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.85. 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 50 day moving average is $9.13 and its 200 day moving average is $9.43. The firm has a market capitalization of $9.60 billion, a PE ratio of 23.51 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $846.00 million during the quarter, compared to analysts' expectations 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 prior year, the business earned $0.58 earnings per share. As a group, research analysts forecast that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on AGNC shares. Royal Bank Of Canada cut their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $9.79.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president directly owned 374,019 shares in the company, valued at approximately $3,321,288.72. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Peter J. Federico sold 48,333 shares of AGNC Investment stock in a transaction that occurred on Monday, April 28th. The stock was 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 $14,590,621.44. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,384 shares of company stock valued at $1,228,039. Corporate insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently bought and sold shares of AGNC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of AGNC Investment by 16.0% in the 1st 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 in the last quarter. NewEdge Advisors LLC raised its stake in shares of AGNC Investment by 38.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust's stock worth $239,000 after buying an additional 6,923 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of AGNC Investment by 51.9% in the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust's stock worth $614,000 after buying an additional 21,897 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).