AGNC Investment Corp. (NASDAQ:AGNC) declared a feb 20 dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.16 per share by the real estate investment trust on Tuesday, March 10th.
AGNC Investment has decreased its dividend payment by an average of 3.9% per year over the last three years. AGNC Investment has a dividend payout ratio of 85.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect AGNC Investment to earn $2.33 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 82.4%.
Shares of AGNC Investment stock traded up $0.06 during trading on Friday, hitting $19.18. 342,195 shares of the stock were exchanged, compared to its average volume of 5,735,153. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.80 and a beta of 0.25. The company has a fifty day moving average price of $18.33 and a 200-day moving average price of $17.03. AGNC Investment has a 1-year low of $14.51 and a 1-year high of $19.38. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.03.
Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Saturday, December 7th. Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Friday, November 1st. Deutsche Bank raised their price target on shares of AGNC Investment from $17.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, January 30th. Wedbush restated a “neutral” rating and issued a price target on shares of AGNC Investment in a report on Friday, January 31st. Finally, Maxim Group restated a “buy” rating and issued a $18.00 price target on shares of AGNC Investment in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.50.
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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