AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) declared a aug 22 dividend on Thursday, August 11th, RTT News reports. Shareholders of record on Wednesday, August 31st will be given a dividend of 0.12 per share by the real estate investment trust on Monday, September 12th.
AGNC Investment has decreased its dividend payment by an average of 12.6% per year over the last three years. AGNC Investment has a dividend payout ratio of 66.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGNC Investment to earn $2.11 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 68.2%.
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AGNC Investment Stock Performance
Shares of AGNC Investment stock opened at $12.78 on Friday. AGNC Investment has a 52-week low of $9.99 and a 52-week high of $16.75. The firm's 50 day moving average price is $11.73 and its 200-day moving average price is $12.45. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.02.
AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. AGNC Investment had a positive return on equity of 20.36% and a negative net
margin of 69.82%. The business had revenue of $315.00 million for the quarter, compared to the consensus estimate of $323.75 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business's quarterly revenue was up 35.8% on a year-over-year basis. As a group, sell-side analysts predict that AGNC Investment will post 2.7 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on AGNC shares. Barclays cut their price objective on shares of AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Maxim Group dropped their price objective on shares of AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. Piper Sandler upgraded AGNC Investment from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $13.50 to $13.00 in a research note on Thursday, May 5th. Credit Suisse Group reduced their price objective on AGNC Investment to $12.50 and set a "na" rating for the company in a research note on Monday, May 16th. Finally, Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $12.25 to $13.25 in a report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.00.
Hedge Funds Weigh In On AGNC Investment
Several institutional investors and hedge funds have recently modified their holdings of the business. Worth Asset Management LLC purchased a new stake in shares of AGNC Investment in the first quarter valued at approximately $35,000. Geneos Wealth Management Inc. grew its position in shares of AGNC Investment by 21.4% in the first quarter. Geneos Wealth Management Inc. now owns 7,648 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 1,350 shares during the period. Range Financial Group LLC purchased a new stake in shares of AGNC Investment during the first quarter worth about $133,000. MetLife Investment Management LLC purchased a new position in AGNC Investment in the 1st quarter valued at about $137,000. Finally, Prudential PLC acquired a new stake in AGNC Investment in the 1st quarter worth about $172,000. Hedge funds and other institutional investors own 47.52% of the company's stock.
AGNC Investment Company Profile
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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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