AGNC Investment Corp. (AGNC) To Go Ex-Dividend on January 31st

AGNC Investment Corp. (NASDAQ:AGNC) declared a jan 25 dividend on Wednesday, January 8th,RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, February 11th. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st.

AGNC Investment has increased its dividend by an average of 111.7% per year over the last three years. AGNC Investment has a payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect AGNC Investment to earn $1.60 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 90.0%.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.29 on Friday. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 6.45 and a beta of 1.47. AGNC Investment has a 12 month low of $8.92 and a 12 month high of $10.85. The firm has a fifty day simple moving average of $9.51 and a 200 day simple moving average of $9.91. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter in the previous year, the business earned $0.65 EPS. Research analysts forecast that AGNC Investment will post 1.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AGNC. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.44.

About AGNC Investment

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).