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

AGNC Investment Corp. (NASDAQ:AGNC) declared a jul 25 dividend on Wednesday, July 9th, RTT News reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.12 per share by the real estate investment trust on Monday, August 11th. This represents a yield of 15.2%. The ex-dividend date is Thursday, July 31st.

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 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 Stock Performance

Shares of NASDAQ AGNC opened at $9.68 on Tuesday. The company has a market cap of $9.88 billion, a PE ratio of 28.47 and a beta of 1.28. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $10.85. 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 company has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $9.44.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. The company had revenue of $830.00 million during the quarter, compared to the consensus estimate of $447.37 million. During the same quarter last year, the firm posted $0.53 EPS. On average, equities analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 8,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the sale, the executive vice president owned 374,019 shares in the company, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the sale, the director directly owned 90,345 shares in the company, valued at approximately $783,291.15. This trade represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in AGNC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of AGNC Investment by 16.0% during 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 acquiring an additional 387,524 shares during the last quarter. AQR Capital Management LLC increased its holdings 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 in the last quarter. Finally, NewEdge Advisors LLC increased its holdings 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 in the last quarter. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGNC. Argus reissued a “hold” rating on shares of AGNC Investment in a report on Tuesday, April 29th. Wells Fargo & Company dropped their target price on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. UBS Group upped their target price on AGNC Investment from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.58.

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).