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

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, January 12th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Wednesday, December 31st.

AGNC Investment has decreased its dividend by an average of 0.1%annually over the last three years. AGNC Investment has a dividend payout ratio of 88.3% meaning 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 Trading Up 0.1%

NASDAQ AGNC opened at $10.85 on Monday. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.93. The company has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $9.91. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.64 billion, a P/E ratio of 16.19 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same period in the previous year, the company earned $0.43 earnings per share. On average, analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Peter J. Federico sold 45,798 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in AGNC. Red Tortoise LLC grew its position in AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 2,185 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of AGNC Investment during the 3rd quarter worth about $29,000. Trust Co. of Vermont grew its position in shares of AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 3,300 shares during the period. National Bank of Canada FI increased its stake in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. Finally, WealthCollab LLC purchased a new position in shares of AGNC Investment in the 3rd quarter valued at about $33,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.