AGNC Investment Corp. (AGNC) to Issue May 22 Dividend of $0.12 on June 9th

AGNC Investment Corp. (NASDAQ:AGNCGet Rating) declared a may 22 dividend on Thursday, May 12th, RTT News reports. Investors of record on Tuesday, May 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Thursday, June 9th.

AGNC Investment has decreased its dividend by an average of 12.6% annually over the last three years. AGNC Investment has a dividend payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AGNC Investment to earn $1.99 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 72.4%.

Shares of NASDAQ:AGNC opened at $12.39 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.02. AGNC Investment has a 12-month low of $10.86 and a 12-month high of $18.84. The business has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $14.15.

AGNC Investment (NASDAQ:AGNCGet Rating) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. AGNC Investment had a positive return on equity of 18.40% and a negative net margin of 72.72%. During the same quarter last year, the company posted $0.76 earnings per share. On average, analysts forecast that AGNC Investment will post 2.34 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. SVB Wealth LLC increased its position in AGNC Investment by 43.2% in the 1st quarter. SVB Wealth LLC now owns 41,437 shares of the real estate investment trust’s stock valued at $542,000 after buying an additional 12,491 shares in the last quarter. Centaurus Financial Inc. boosted its stake in AGNC Investment by 11.8% during the 1st quarter. Centaurus Financial Inc. now owns 38,539 shares of the real estate investment trust’s stock valued at $505,000 after purchasing an additional 4,082 shares during the last quarter. Renaissance Technologies LLC acquired a new position in AGNC Investment during the 1st quarter valued at about $1,187,000. Northern Trust Corp boosted its stake in AGNC Investment by 24.1% during the 1st quarter. Northern Trust Corp now owns 4,705,963 shares of the real estate investment trust’s stock valued at $61,648,000 after purchasing an additional 914,711 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AGNC Investment by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,940,930 shares of the real estate investment trust’s stock valued at $38,527,000 after purchasing an additional 92,010 shares during the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on AGNC shares. StockNews.com started coverage on AGNC Investment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Maxim Group lowered their price objective on AGNC Investment from $17.00 to $13.00 in a research report on Wednesday, May 4th. TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a research report on Monday, January 31st. Bank of America lowered AGNC Investment from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $13.75 in a research report on Monday, February 14th. Finally, JPMorgan Chase & Co. lowered AGNC Investment from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $14.50 to $11.50 in a research report on Monday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.85.

About AGNC Investment (Get Rating)

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).

See Also

Dividend History for AGNC Investment (NASDAQ:AGNC)

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