AGNC Investment Corp. (NASDAQ:AGNC) Plans Monthly Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Wednesday, October 7th. Investors of record on Friday, October 30th will be paid a dividend of $0.12 per share by the real estate investment trust on Tuesday, November 10th. This represents a $1.44 dividend on an annualized basis and a yield of 17.0%. The ex-dividend date is Friday, October 30th.

AGNC Investment has decreased its dividend by an average of 0.0%annually over the last three years. 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 decline. Equities analysts expect AGNC Investment to earn $1.51 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 95.4%.

AGNC Investment Stock Down 2.8%

AGNC Investment stock opened at $8.46 on Thursday. The company’s 50-day moving average price is $10.29 and its two-hundred day moving average price is $10.47. The stock has a market cap of $10.03 billion, a P/E ratio of 4.45 and a beta of 1.36. AGNC Investment has a twelve month low of $8.42 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Equities analysts anticipate that AGNC Investment will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in AGNC Investment in the second quarter valued at about $704,076,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of AGNC Investment in the 2nd quarter valued at $4,062,000. QRG Capital Management Inc. boosted its stake in shares of AGNC Investment by 921.8% in the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after purchasing an additional 514,804 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of AGNC Investment during the second quarter worth $3,560,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of AGNC Investment by 187.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock worth $8,430,000 after buying an additional 512,574 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company’s investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.

AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.