AGNC Investment Corp. (NASDAQ:AGNC) Plans Jan 25 Dividend of $0.12

AGNC Investment Corp. (NASDAQ:AGNC) announced 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 of this dividend is Friday, January 31st.

AGNC Investment has raised its dividend by an average of 111.7% per year over the last three years. AGNC Investment has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Up 0.8 %

AGNC stock opened at $9.87 on Wednesday. The business’s 50-day moving average price is $9.51 and its 200-day moving average price is $9.89. The stock has a market cap of $8.74 billion, a P/E ratio of 6.85 and a beta of 1.47. AGNC Investment has a twelve month low of $8.92 and a twelve month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. On average, equities research analysts forecast that AGNC Investment will post 1.95 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AGNC. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.64.

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).