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NASDAQ:AGNC

AGNC Investment (AGNC) Stock Price, News & Analysis

$9.77
-0.11 (-1.11%)
(As of 05/22/2024 ET)
Today's Range
$9.76
$9.88
50-Day Range
$8.96
$9.90
52-Week Range
$6.81
$10.64
Volume
8.55 million shs
Average Volume
10.65 million shs
Market Capitalization
$7.10 billion
P/E Ratio
10.74
Dividend Yield
14.74%
Price Target
$9.79

AGNC Investment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
0.2% Upside
$9.79 Price Target
Short Interest
Bearish
7.58% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.48
Upright™ Environmental Score
News Sentiment
0.80mentions of AGNC Investment in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$149,030 Sold Last Quarter
Proj. Earnings Growth
-5.24%
From $2.10 to $1.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

Finance Sector

535th out of 821 stocks

Real Estate Investment Trusts Industry

109th out of 175 stocks

AGNC stock logo

About AGNC Investment Stock (NASDAQ:AGNC)

AGNC Investment Corp. is an internally managed REIT based in Bethesda, Maryland. The company employs an active management strategy to provide investors with favorable risk-adjusted returns. The company focuses on a combination of agency and non-agency residential mortgage-backed securities and earns income via interest and gains on investments and hedging activities. It is the 2nd largest internally managed residential REIT in the US by market cap.

The company’s goal is to provide risk-adjusted returns on a monthly basis through dividends. The company has paid dividends every quarter since its inception and on a monthly basis since 2014. The distribution can vary depending on income and may include ordinary income, long-term capital gains and return-of-capital, which is important for tax purposes. Investors of record may participate in a direct purchase program and a dividend reinvestment program. Investors may also purchase preferred stock to receive dividends.

The Company uses leverage to invest in mortgage-backed securities. The primary target is agency residential mortgage-backed securities using a collateralized borrowing structure. The collateralized borrowing structure is in the form of repurchase agreements, which guarantees the issuer will repurchase the asset at a later date at a higher price. The higher price is, in effect, an interest on the loan.

The company agency-backed investments and securities are typically guaranteed by government-sponsored agencies like Fannie Mae, Freddie Mac or Ginny Mae. The non-agency securities include commercial mortgage-backed securities and credit risk transfer securities, among other hedging activities.

Regarding cost, the company’s expense ratio runs below 1.0%. This ranks it among the lowest-costing REITs regarding stockholder equity and is central to its ability to pay consistently industry-leading dividends. As of 2022, the company had more than $61 billion in cash and securities. At the time, the portfolio consisted of 92% 30-year fixed-rate mortgage-backed securities, 3% 15-year fixed-rate RMBS, 3% CMBS, 2% 20-year fixed-rate RMBS and only 1% of variable rate and non-agency residential loans.

The company operates via a network of subsidiaries that includes Bethesda Securities. Bethesda Securities is a self-clearing registered broker/dealer of fixed-income securities and facilitates most of the company’s investment activities. The company is registered with the SEC, FINRA, the Depository Trust Corporation and 2 Fixed Income Clearing Corporation divisions.

The company’s active management strategy allows it to alter the portfolio as interest rates change. As of 2022, the company was shifting the 30-year fixed-rate portfolio in line with FOMC policy and listed expected life CPR of investments in a range of 5% to 7% with the total portfolio expected to return 7%. In regard to funding, the company’s repurchase agreements are issued with maturities of 3 months or 6 to 12 months. The average cost of the funding portfolio was 2.85% with an average of 35 days until maturity. Hedging activities include interest rate swaps, payer swaptions and US treasuries (short or long).

 

AGNC Stock Price History

AGNC Stock News Headlines

AGNC Investment (NASDAQ:AGNC) Trading Down 0.2%
10% Yielding AGNC Preferred Share Smackdown
Big Opportunity For A Big 15% Yield: AGNC
AGNC Investment: Buy, Sell, or Hold?
City Holding Q1 Profit Rises Above Estimates
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Ex-Dividend for 5/9 Dividend
4/29/2024
Dividend Payable
5/09/2024
Today
5/22/2024
Ex-Dividend for 6/11 Dividend
5/31/2024
Dividend Payable
6/11/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Current Symbol
NASDAQ:AGNC
CUSIP
02503X10
Employees
N/A
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$9.79
High Stock Price Target
$10.50
Low Stock Price Target
$9.00
Potential Upside/Downside
+0.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$155 million
Pretax Margin
32.12%

Debt

Sales & Book Value

Annual Sales
$2.04 billion
Cash Flow
$2.88 per share
Book Value
$9.55 per share

Miscellaneous

Free Float
723,803,000
Market Cap
$7.10 billion
Optionable
Optionable
Beta
1.45

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AGNC Stock Analysis - Frequently Asked Questions

Should I buy or sell AGNC Investment stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AGNC Investment in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AGNC shares.
View AGNC analyst ratings
or view top-rated stocks.

What is AGNC Investment's stock price target for 2024?

7 brokerages have issued 1 year target prices for AGNC Investment's shares. Their AGNC share price targets range from $9.00 to $10.50. On average, they predict the company's share price to reach $9.79 in the next year. This suggests a possible upside of 0.2% from the stock's current price.
View analysts price targets for AGNC
or view top-rated stocks among Wall Street analysts.

How have AGNC shares performed in 2024?

AGNC Investment's stock was trading at $9.81 at the start of the year. Since then, AGNC stock has decreased by 0.4% and is now trading at $9.77.
View the best growth stocks for 2024 here
.

When is AGNC Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our AGNC earnings forecast
.

How were AGNC Investment's earnings last quarter?

AGNC Investment Corp. (NASDAQ:AGNC) released its quarterly earnings results on Tuesday, April, 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The real estate investment trust earned $642 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a trailing twelve-month return on equity of 27.14% and a net margin of 32.12%. During the same period in the prior year, the firm posted $0.70 earnings per share.

How often does AGNC Investment pay dividends? What is the dividend yield for AGNC Investment?

AGNC Investment declared a may 24 dividend on Wednesday, May 8th. Investors of record on Friday, May 31st will be paid a dividend of $0.12 per share on Tuesday, June 11th. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for AGNC
.

Is AGNC Investment a good dividend stock?

AGNC Investment (NASDAQ:AGNC) pays an annual dividend of $1.44 per share and currently has a dividend yield of 14.68%. AGNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 158.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AGNC will have a dividend payout ratio of 72.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AGNC.

What other stocks do shareholders of AGNC Investment own?
Who are AGNC Investment's major shareholders?

AGNC Investment's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.46%), Allspring Global Investments Holdings LLC (1.15%), Allspring Global Investments Holdings LLC (1.15%), Equity Investment Corp (0.99%), Vaughan Nelson Investment Management L.P. (0.65%) and Clearbridge Investments LLC (0.61%). Insiders that own company stock include Bernice Bell, Frances Spark, Gary D Kain, Kenneth L Pollack, Morris A Davis, Paul E Mullings and Sean Reid.
View institutional ownership trends
.

How do I buy shares of AGNC Investment?

Shares of AGNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AGNC) was last updated on 5/23/2024 by MarketBeat.com Staff

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