AGNC Investment Corp. (NASDAQ:AGNC) Plans 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. 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 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 AGNC traded down $0.05 on Thursday, reaching $9.46. The company's stock had a trading volume of 13,303,816 shares, compared to its average volume of 22,189,901. 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 has a market capitalization of $9.65 billion, a P/E ratio of 23.64 and a beta of 1.28. The stock's 50 day simple moving average is $9.11 and its two-hundred day simple moving average is $9.43. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.85.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. During the same quarter last year, the firm posted $0.58 earnings per share. Research analysts forecast that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in AGNC Investment by 16.0% in 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 during the last quarter. AQR Capital Management LLC lifted its stake in AGNC Investment by 51.9% in 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 during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in AGNC Investment by 38.4% in 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 during the last quarter. Institutional investors own 38.28% of the company's stock.

Analyst Ratings Changes

AGNC has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective 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. Royal Bank Of Canada reduced their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.83.

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).