AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) announced a jun 22 dividend on Thursday, June 9th, RTT News reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, July 12th.
AGNC Investment has decreased its dividend by an average of 12.6% per year over the last three years. AGNC Investment has a dividend payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGNC Investment to earn $1.99 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 72.4%.
AGNC stock traded up $0.20 during trading hours on Thursday, reaching $12.19. The stock had a trading volume of 13,476,573 shares, compared to its average volume of 11,082,201. The stock has a 50-day simple moving average of $12.12 and a 200 day simple moving average of $13.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $6.38 billion, a PE ratio of -6.41 and a beta of 1.04. AGNC Investment has a fifty-two week low of $10.86 and a fifty-two week high of $18.80.
Several equities analysts have commented on AGNC shares. JPMorgan Chase & Co. lowered shares of AGNC Investment from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $14.50 to $11.50 in a report on Monday, April 25th. Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating and raised their price target for the company from $12.25 to $13.25 in a research note on Wednesday. Bank of America downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $13.75 in a research note on Monday, February 14th. Royal Bank of Canada reduced their price target on shares of AGNC Investment from $17.00 to $14.00 in a research note on Monday, May 16th. Finally, Credit Suisse Group reduced their price target on shares of AGNC Investment to $12.50 and set a “na” rating on the stock in a research note on Monday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Hold” and an average target price of $13.82.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in AGNC Investment during the 1st quarter valued at $210,000. Range Financial Group LLC purchased a new position in shares of AGNC Investment in the 1st quarter worth about $133,000. Continuum Advisory LLC purchased a new position in shares of AGNC Investment in the 1st quarter worth about $798,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in AGNC Investment by 14.7% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 29,885 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 3,835 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in AGNC Investment by 37.9% during the first quarter. Virtu Financial LLC now owns 116,867 shares of the real estate investment trust’s stock valued at $1,531,000 after purchasing an additional 32,146 shares during the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.
About AGNC Investment (Get Rating)
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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