AGNC Investment Corp. (NASDAQ:AGNC) Plans $0.12 Jun 25 Dividend

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a jun 25 dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.12 per share by the real estate investment trust on Thursday, July 10th. This represents a yield of 15.5%. The ex-dividend date of this dividend is Monday, June 30th.

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 tumble. 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 Price Performance

AGNC Investment stock traded down $0.10 during trading hours on Friday, hitting $9.30. The stock had a trading volume of 23,729,797 shares, compared to its average volume of 21,490,095. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 9.59 and a beta of 1.29. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.85. The stock's fifty day moving average is $8.85 and its two-hundred day moving average is $9.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company 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 21.92% and a net margin of 29.26%. During the same quarter in the prior year, the company earned $0.58 earnings per share. As a group, analysts predict that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Donna Blank sold 17,218 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the transaction, the director now directly owns 90,345 shares in the company, valued at $783,291.15. This trade represents a 16.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $71,040.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,384 shares of company stock valued at $1,228,039. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 6,923 shares during the period. AQR Capital Management LLC raised its holdings 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 purchasing an additional 21,897 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 purchasing an additional 387,524 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGNC. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their price objective 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. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. One equities research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.75.

AGNC Investment Company Profile

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).