AGNC Investment Corp. (AGNC) to Issue Monthly Dividend of $0.12 on March 10th

AGNC Investment Corp. (NASDAQ:AGNC) declared a monthly dividend on Wednesday, February 11th. Shareholders of record on Friday, February 27th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Friday, February 27th.

AGNC Investment has decreased its dividend by an average of 0.0%per year over the last three years. AGNC Investment has a dividend payout ratio of 88.3% 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 $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 0.4%

NASDAQ:AGNC opened at $11.31 on Wednesday. The firm has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $10.50. AGNC Investment has a one year low of $7.85 and a one year high of $12.19. The firm has a market cap of $12.13 billion, a P/E ratio of 8.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. Equities analysts anticipate that AGNC Investment will post 1.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of AGNC Investment in a report on Thursday, January 29th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Finally, BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.03.

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.