Added to YB: 2024-09-24
Pitch date: 2024-09-09
AGNC [bullish]
AGNC Investment Corp.
+21.62%
current return
Author Info
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Company Info
AGNC Investment Corp. provides private capital to housing market in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.
Market Cap
$11.2B
Pitch Price
$8.49
Price Target
N/A
Dividend
13.77%
EV/EBITDA
N/A
P/E
14.86
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
dividend
This $12.5 Trillion 'Reinvestment Tsunami' Hits in Two Weeks - AGNC Investment Corp.
AGNC: 14.23% yield REIT investing in mortgage securities. Fed rate cuts could widen spreads, boost dividend. $1B buyback program. Risks: high yield, past dividend cuts, 37% YoY BV/S drop. Demand surge expected from $12.5T 'Reinvestment Tsunami'. $10.20 share price, monthly dividends.
Read full article (5 min)