AGNC Investment Corp. Declares Apr 24 Dividend of $0.12 (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) announced a apr 24 dividend on Wednesday, April 10th, RTT News reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, May 9th.

AGNC Investment has decreased its dividend payment by an average of 2.6% annually over the last three years. AGNC Investment has a dividend payout ratio of 71.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AGNC Investment to earn $2.03 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 70.9%.

AGNC Investment Trading Down 4.7 %

Shares of AGNC stock traded down $0.46 on Wednesday, hitting $9.32. 22,372,261 shares of the stock traded hands, compared to its average volume of 11,732,884. The firm's 50-day moving average price is $9.60 and its two-hundred day moving average price is $9.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $6.48 billion, a PE ratio of 932.93 and a beta of 1.45. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $640.00 million for the quarter, compared to analysts' expectations of $570.42 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, analysts anticipate that AGNC Investment will post 2.16 EPS for the current year.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the business's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares in the company, valued at $2,829,727.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company's stock.

Institutional Trading of AGNC Investment

A number of large investors have recently made changes to their positions in AGNC. Coppell Advisory Solutions Corp. purchased a new stake in shares of AGNC Investment during the fourth quarter worth approximately $27,000. Coppell Advisory Solutions LLC acquired a new position in AGNC Investment in the second quarter valued at approximately $29,000. Worth Asset Management LLC acquired a new position in AGNC Investment in the first quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 128.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Ossiam boosted its holdings in AGNC Investment by 25.8% in the first quarter. Ossiam now owns 8,566 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 1,759 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGNC has been the topic of several research analyst reports. Barclays boosted their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday, January 22nd. Royal Bank of Canada reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Thursday, January 25th. Compass Point initiated coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price objective on the stock. Jonestrading initiated coverage on shares of AGNC Investment in a report on Friday, March 22nd. They issued a "buy" rating and a $10.75 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of AGNC Investment from $8.50 to $10.00 and gave the company an "outperform" rating in a report on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.93.

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).