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

Key Points

• AGNC Investment Corp. announced a $0.12 dividend set to be paid on November 12 to stockholders of record as of October 31.
• The company has a payout ratio of 88.3% indicating that current dividends are covered by earnings, but future sustainability may be at risk if earnings decline.
• Recent trading saw AGNC stock increase by 1.7%, reaching $10.16, with a market cap of $10.58 billion.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) declared a oct 25 dividend on Wednesday, October 8th, RTT News reports. Stockholders of record on Friday, October 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, November 12th.

AGNC Investment has a 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. 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 Up 1.7%

AGNC traded up $0.17 during trading on Wednesday, hitting $10.16. The company had a trading volume of 17,561,626 shares, compared to its average volume of 24,491,004. The company has a market cap of $10.58 billion, a PE ratio of 29.88 and a beta of 1.32. The business has a 50-day moving average of $9.83 and a 200-day moving average of $9.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.63.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research reports. UBS Group increased their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday. Piper Sandler increased their target price on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a report on Wednesday. Jones Trading reaffirmed a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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).

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