AGNC Investment Corp.

NasdaqGS:AGNC Stock Report

Market Cap: US$11.9b

AGNC Investment Future Growth

Future criteria checks 1/6

AGNC Investment is forecast to grow earnings and revenue by 15.8% and 7.2% per annum respectively. EPS is expected to grow by 11.7% per annum. Return on equity is forecast to be 16% in 3 years.

Key information

15.8%

Earnings growth rate

11.70%

EPS growth rate

Mortgage REITs earnings growth26.6%
Revenue growth rate7.2%
Future return on equity16.03%
Analyst coverage

Good

Last updated17 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Jun 16

AGNC Investment (AGNC) Stock Valuation Check After Intrinsic Discount And Income Track Record

AGNC Investment (AGNC) has drawn fresh attention after recent trading left the stock with a value score of 5 and an intrinsic discount of about 41%, prompting investors to reassess its income focused mortgage REIT profile. See our latest analysis for AGNC Investment. At a share price of US$10.46, AGNC’s recent 1 day share price return of 1.45% and 7 day share price return of 3.46% sit against a year to date share price decline of 4.30%. Its 1 year total shareholder return of 28.99% and 3 year...
Seeking Alpha • May 20

AGNC Investment Corp.'s 13.4% Yield Is Bleeding It Dry

Summary AGNC Investment Corp. is rated 'sell' due to unsustainable payouts exceeding profits and persistent net asset value per share decline. AGNC's high 13.4% yield is funded by significant share issuance, not sustainable earnings, leading to long-term value erosion. Volatility is inherent in AGNC's leveraged, agency MBS-focused model, with high leverage (7.4x) amplifying both returns and risks. Despite short-term outperformance potential if rates fall, AGNC has chronically underperformed major indices over the long run. Read the full article on Seeking Alpha
Narrative Update • Oct 29

Fed's Accommodative Policy Will Improve Predictability Of Agency MBS Returns

Analysts have raised their price target for AGNC Investment from $5.29 to $9.83, citing improving mortgage market trends, tighter agency spreads, and a substantial increase in mortgage applications as key drivers behind their more optimistic outlook. Analyst Commentary Recent research notes reflect heightened optimism around AGNC Investment, with multiple analysts increasing their price targets amid signs of an improving mortgage market environment.
Seeking Alpha • Apr 29

AGNC Investment: Why I Am Greedy For This 16% Yield

Summary AGNC Investment reported decent Q1 results, with significant growth in net interest income and a positive net interest spread. The REIT's yield has surged to 16% amid the recent market sell-off, and it is well-positioned to benefit from potential Federal Reserve rate cuts in 2025. AGNC is trading at book value, presenting a compelling value proposition amid market uncertainty and potential rate cuts. Risks include potential interest rate volatility; however, the current environment suggests a favorable outlook for AGNC Investment. Read the full article on Seeking Alpha
Seeking Alpha • Apr 22

AGNC: Volatility May Rock This Portfolio

Summary AGNC Investment Corp. offers a high dividend yield of over 17%, driven by a recent major dip in stock price. AGNC is a cyclical investment influenced by interest rate movements and management's portfolio positioning, rather than a stable income play. The company primarily invests in Agency securities and enhances the yield with short-term financing. With recent volatility subjecting such financing to margin call risks, recent price declines for AGNC only make it fairly valued. Read the full article on Seeking Alpha
Seeking Alpha • Apr 16

Tariff-Free Income With 17% Yield: AGNC

Summary Sometimes, you need to take a break, but you should never turn off your income stream. Dive into a foxhole of income security while the bombshells of the news go off around you. AGNC buys up no-risk assets and leverages them for income production. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17

AGNC Investment: Yield Curve Inverted, Time To Sell

Summary Since my last buy rating on AGNC Investment Corp. stock, a few new developments have turned its risk/return curve unfavorable. The top development is that the yield curve has become inverted in the past month. Mortgage delinquency rates have also continued to increase in the meantime. Finally, AGNC is currently trading at a sizable valuation premium thanks to the recent price appreciation. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

AGNC Investment: Attractive Investment Setup

Summary AGNC Investment offers a nearly 14% yield, backed by agency mortgage-backed securities, providing steady monthly income. The REIT's portfolio, mainly 30-year fixed mortgages, generated $2.9B in interest income in FY 2024, showing favorable net interest income trends. Falling federal fund rates are expected to improve AGNC's net interest spreads and re-pricing potential, despite recent inflation concerns. AGNC's valuation at a 1.15X price-to-book ratio indicates a premium, but the REIT is poised for fundamental improvements as interest rates are set to decline. Read the full article on Seeking Alpha
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New Narrative • Feb 02

Fed's Accommodative Policy Will Improve Predictability Of Agency MBS Returns

Stable interest rates and balanced supply-demand outlook for Agency MBS could enhance AGNC's revenue and earnings by improving return predictability and maintaining attractive yields.
Seeking Alpha • Jan 31

AGNC's Financial Performance Remains Stable

Summary AGNC'stock price increase signals better times ahead, despite a $0.41 loss in tangible net book value. AGNC sold $511 million in common stock, boosting book value, with leverage at 7.2 and $6.1 billion in cash for asset purchases. Stable or lower interest rates and a balanced supply demand outlook for agency MBS create attractive return opportunities, despite volatile markets and potential risks. Management's focus on mortgage spreads, stable interest rate volatility, and strategic leverage increase suggest higher earnings and dividends in the future. Read the full article on Seeking Alpha
Seeking Alpha • Jan 11

AGNC Investment: Now Is The Time To Be Greedy (Rating Upgrade)

Summary Lately, I have been cautioning investors about AGNC’s payout sustainability and high P/TBV ratio amidst bullish Wall Street sentiment. New developments since my last writing have either reduced or removed my concerns. The valuation has largely reverted to the mean in terms of its P/TBV ratio. The long-short yield spread has turned positive, and I see good odds for it to remain so in the near future. Read the full article on Seeking Alpha
Seeking Alpha • Dec 05

Deck The Halls With Dividends: AGNC

Summary It's easy to pronounce "cash" – it's also easy to collect massive yields that others misunderstand. Stop listening to people who misunderstand the basics of mREIT returns. Start collecting the income you so desperately need for your retirement! Read the full article on Seeking Alpha
Seeking Alpha • Nov 15

AGNC Investment Corp.: A Top 15% Yielder To Buy For 2025 (Rating Upgrade)

Summary The Federal Reserve's 25 basis point rate cut is set to benefit AGNC Investment, enhancing profitability and potentially increasing its valuation multiplier due to lower interest costs. AGNC Investment's interest income grew 28% Y/Y in Q3, while interest expenses rose 27%. Lower financing costs imply improving spread potential. AGNC's book value, previously hit by rising rates, could normalize and reprice upwards, making it a promising investment as the Fed cuts rates. Risks include potential Fed reluctance to lower rates due to inflation or stronger-than-expected economic growth, but AGNC's 15% yield and low price-to-book ratio remain attractive. Read the full article on Seeking Alpha
Seeking Alpha • Nov 02

Collect 15% Yields From Your Neighbors: AGNC

Summary You can collect income from millions of homeowners across the U.S. without ever leaving your home. Passive income means fewer stressors and more enjoyment. What is the true American dream? Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:AGNC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,1491,774N/AN/A1
12/31/20272,1281,6901,996N/A6
12/31/20261,7971,1052,019N/A6
3/31/20261,6051,302848848N/A
12/31/20251,7971,509653653N/A
9/30/2025956687604604N/A
6/30/2025496236458458N/A
3/31/2025584334258258N/A
12/31/20249737318686N/A
9/30/20241,2591,026-24-24N/A
6/30/2024514290-83-83N/A
3/31/2024847625-124-124N/A
12/31/202325132-118-118N/A
9/30/202338618377N/A
6/30/2023108-86285285N/A
3/31/2023-615-800668668N/A
12/31/2022-1,116-1,2951,0131,013N/A
9/30/2022-1,698-1,8791,2951,295N/A
6/30/2022-817-1,0001,4621,462N/A
3/31/2022-792-9771,4841,484N/A
12/31/20218376491,5401,540N/A
9/30/20211,6441,4511,5741,574N/A
6/30/20212,0931,9011,7421,742N/A
3/31/20213,3703,0301,8271,827N/A
12/31/2020-173-3621,7471,747N/A
9/30/202069-2651,7101,710N/A
6/30/2020-599-9191,3921,392N/A
3/31/2020-1,911-2,0691,1981,198N/A
12/31/2019771628N/A1,180N/A
9/30/2019-910-1,032N/A1,080N/A
6/30/2019-664-808N/A1,267N/A
3/31/201971-67N/A1,154N/A
12/31/201822993N/A1,113N/A
9/30/20181,4201,282N/A1,165N/A
6/30/20181,4631,346N/A991N/A
3/31/20181,1921,079N/A1,158N/A
12/31/2017844733N/A1,260N/A
9/30/20171,4741,369N/A1,258N/A
6/30/20171,6961,602N/A1,343N/A
3/31/20171,5611,443N/A1,380N/A
12/31/2016728595N/A1,352N/A
9/30/2016313164N/A1,387N/A
6/30/2016-812-980N/A1,245N/A
3/31/2016-169-333N/A1,370N/A
12/31/2015354187N/A1,428N/A
9/30/2015-456-723N/A1,398N/A
6/30/2015442107N/A1,561N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGNC's forecast earnings growth (15.8% per year) is above the savings rate (3.5%).

Earnings vs Market: AGNC's earnings (15.8% per year) are forecast to grow slower than the US market (18.9% per year).

High Growth Earnings: AGNC's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGNC's revenue (7.2% per year) is forecast to grow slower than the US market (13% per year).

High Growth Revenue: AGNC's revenue (7.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AGNC's Return on Equity is forecast to be low in 3 years time (16%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/20 20:17
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AGNC Investment Corp. is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark DeVriesBarclays
Terry MaBarclays
Derek HewettBofA Global Research