AGNC Investment Corp. (NASDAQ:AGNC) declared a jun 21 dividend on Thursday, June 10th, RTT News reports. Stockholders of record on Wednesday, June 30th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, July 12th.
AGNC Investment has a payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AGNC Investment to earn $2.34 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 61.5%.
AGNC Investment stock opened at $18.62 on Friday. AGNC Investment has a 1-year low of $12.43 and a 1-year high of $18.84. The firm’s fifty day simple moving average is $17.95. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.02. The company has a market cap of $9.77 billion, a P/E ratio of 3.37 and a beta of 1.02.
A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of AGNC Investment from a “d” rating to a “c-” rating in a research note on Thursday, March 18th. Zacks Investment Research lowered shares of AGNC Investment from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a research note on Tuesday. Barclays raised their target price on shares of AGNC Investment from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. Finally, Keefe, Bruyette & Woods lowered shares of AGNC Investment from an “outperform” rating to a “market perform” rating and set a $18.25 price target on the stock. in a research report on Sunday, June 6th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.78.
In other news, Director Morris A. Davis sold 7,475 shares of the firm’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $17.90, for a total transaction of $133,802.50. Following the completion of the transaction, the director now directly owns 33,850 shares of the company’s stock, valued at approximately $605,915. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Aaron Pas sold 5,138 shares of the firm’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $16.55, for a total transaction of $85,033.90. Following the transaction, the senior vice president now directly owns 143,608 shares of the company’s stock, valued at $2,376,712.40. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
AGNC Investment Company Profile
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).
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