We still maintain a buy rating for AGNC Investment, citing improved stability, lower funding costs, and prudent capital deployment as key positives. AGNC's tangible book value remains stable, with management signaling confidence through increased leverage and reduced hedging amid low market volatility. Dividend sustainability is a focal point. Management believes current payouts are aligned wit...
Fed rate cuts are steepening the interest rate curve. AGNC and NLY are backing up the truck on agency MBS. Get paid double-digit yields while supporting the American Dream.
U.S. equity markets posted mixed performance this week- while long-term yields jumped- after the Federal Reserve cut short-term rates for a second-straight meeting, but reigned in expectations for future cuts. Fed Chair Powell hawkishly pushed back on market expectations, saying that another cut in December was "far" from certain and highlighting "strongly differing views" within the committee....
Dividends matter. So do losses. Look at a couple of charts and call it a day. Most people don't want to go through all the history, but we can sum up over a decade in a few images. When we compare prices and book value over time, we can see that the huge dividends were not enough. They still are not enough.
AGNC Investment Corp. is upgraded to a hold rating due to recent macroeconomic and company-specific catalysts. A steepened yield curve and lower cost of funds are expected to improve AGNC's profitability outlook. AGNC's aggressive capital raises have led to tangible book value erosion and elevated valuation risks, with P/TBV near decade highs.
AGNC Investment remains a strong buy after Q3 earnings, driven by robust net interest income and a favorable rate environment. AGNC's (net) book value grew 6% quarter-over-quarter, with its MBS portfolio expanding and benefiting from falling interest rates. The improving interest rate landscape supports AGNC's valuation, with potential for further book value and price-to-book ratio expansion.
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