AGNC Investment Corp. (NASDAQ:AGNC) announced a sep 19 dividend on Tuesday, September 10th, RTT News reports. Investors of record on Monday, September 30th will be given a dividend of 0.16 per share by the real estate investment trust on Wednesday, October 9th. The ex-dividend date of this dividend is Friday, September 27th.
AGNC Investment has decreased its dividend payment by an average of 4.8% annually over the last three years. AGNC Investment has a payout ratio of 78.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect AGNC Investment to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 98.0%.
AGNC stock traded up $0.12 during midday trading on Wednesday, hitting $15.84. 3,649,100 shares of the stock were exchanged, compared to its average volume of 6,607,692. The stock’s 50-day moving average price is $16.22 and its 200-day moving average price is $17.15. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 2.60 and a beta of 0.27. AGNC Investment has a fifty-two week low of $14.51 and a fifty-two week high of $19.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.13.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. UBS Group assumed coverage on shares of AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 price objective for the company. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Maxim Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research note on Friday, July 26th. Finally, TheStreet cut AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.17.
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).
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