AGNC Investment Corp. (NASDAQ:AGNC) recently announced its dividend for the upcoming quarter, as reported by RTT News on October 11th, 2023. Shareholders of record on October 31st will receive a dividend of $0.12 per share from the real estate investment trust on November 9th.
Further information regarding AGNC Investment’s financial performance was also disclosed. In its quarterly earnings results posted on July 25th, the company surpassed analysts’ consensus estimates of $0.58 earnings per share (EPS) with reported EPS of $0.67 for the period. The company’s revenue for the quarter amounted to $457 million, exceeding the consensus estimate of $342.01 million. AGNC Investment’s net margin stood at 1.96%, while its return on equity was reported at 29.59%. In comparison, during the same period last year, the firm had earned $0.83 EPS.
An analysis of AGNC Investment by multiple equities analysts has also been undertaken. JPMorgan Chase & Co., for instance, revised their target price down from $11 to $10.50 in a report released on July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a target price of $11 for AGNC Investment stocks on July 26th. Furthermore, UBS Group upgraded the stock from “neutral” to “buy,” raising their price target from $10.50 to $11.50 on September 18th.
Adding to this evaluation is StockNews.com’s coverage of AGNC Investment released on October 5th, which rated the stock as “hold.” Taking an average view from all these analyst ratings compiled by Bloomberg.com reveals that the stock currently holds a rating indicating “Moderate Buy,” with an average price target reaching approximately $10.56.
As investors analyze these variables and consider their implications, it is important to note that the information presented here is accurate as of October 12, 2023. These details provide insight into AGNC Investment’s recent dividend announcement and financial performance, which may be valuable for those tracking its progress in the market.