AGNC Stock Overview
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States.
AGNC Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.73|
|52 Week High||US$18.84|
|52 Week Low||US$14.42|
|1 Month Change||-3.35%|
|3 Month Change||-11.00%|
|1 Year Change||-8.74%|
|3 Year Change||-18.71%|
|5 Year Change||-22.19%|
|Change since IPO||-23.88%|
Recent News & Updates
AGNC Investment: We're Accumulating Despite Interest Rate Uncertainty
AGNC and other companies such as Annaly Capital with similar business models will be under stress in 2022 from uncertainty in interest rates. We plan to continue accumulating AGNC through dividend reinvestment. Even under the worse-case scenarios, barring a complete economic meltdown, AGNC will survive intact.
AGNC Investment Has Become Opportunistically Cheap
Spreads still look strong for AGNC. They are almost fully hedged for a rising rate environment. At a nice discount to book value, AGNC looks attractive here.
AGNC Investment: Dividend Yield And Safety In Focus
With a 9.3% dividend yield, AGNC Investment Corp appears attractive to many income-oriented investors, especially under a low-rate environment. Its dividend coverage is at a very safe and comforting level by payout ratio. However, you should be aware that its dividend yield is far below the historical average and its dividend cushion ratio is also below the historical average. And also be aware of the implications of the Fed tapering and anticipated interest rate raises.
AGNC: Avoid This Mortgage REIT
The Fed is slowing its asset purchases, which will lead to higher interest rates. Higher interest rates are detrimental to AGNC, whose business model is based on cheap debt. AGNC is not an mREIT to consider even at a discounted book value because it is not a consistent dividend payer.
|AGNC||US Mortgage REITs||US Market|
Return vs Industry: AGNC underperformed the US Mortgage REITs industry which returned 0.9% over the past year.
Return vs Market: AGNC underperformed the US Market which returned 6.6% over the past year.
|AGNC Average Weekly Movement||2.7%|
|Mortgage REITs Industry Average Movement||3.6%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: AGNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AGNC's weekly volatility (3%) has been stable over the past year.
About the Company
AGNC Investment Corp. operates as a real estate investment trust (REIT) 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. It funds its investments primarily through collateralized borrowings structured as repurchase agreements.
AGNC Investment Fundamentals Summary
|AGNC fundamental statistics|
Is AGNC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AGNC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 31, 2022
|Earnings per share (EPS)||2.76|
|Net Profit Margin||88.26%|
How did AGNC perform over the long term?See historical performance and comparison
9.8%Current Dividend Yield
Does AGNC pay a reliable dividends?See AGNC dividend history and benchmarks
|AGNC Investment dividend dates|
|Ex Dividend Date||Jan 28 2022|
|Dividend Pay Date||Feb 09 2022|
|Days until Ex dividend||5 days|
|Days until Dividend pay date||17 days|
Does AGNC pay a reliable dividends?See AGNC dividend history and benchmarks
Is AGNC Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGNC ($14.73) is trading below our estimate of fair value ($23.06)
Significantly Below Fair Value: AGNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AGNC is good value based on its PE Ratio (5.3x) compared to the US Mortgage REITs industry average (9.7x).
PE vs Market: AGNC is good value based on its PE Ratio (5.3x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: AGNC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AGNC's PB Ratio (0.8x) is in line with the US Mortgage REITs industry average.
How is AGNC Investment forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGNC's earnings are forecast to decline over the next 3 years (-0.2% per year).
Earnings vs Market: AGNC's earnings are forecast to decline over the next 3 years (-0.2% per year).
High Growth Earnings: AGNC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AGNC's revenue is expected to decline over the next 3 years (-9.9% per year).
High Growth Revenue: AGNC's revenue is forecast to decline over the next 3 years (-9.9% 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 (12.4%).
How has AGNC Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGNC has high quality earnings.
Growing Profit Margin: AGNC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AGNC's earnings have declined by 7.3% per year over the past 5 years.
Accelerating Growth: AGNC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AGNC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (37.8%).
Return on Equity
High ROE: AGNC's Return on Equity (14.5%) is considered low.
How is AGNC Investment's financial position?
Financial Position Analysis
Short Term Liabilities: AGNC's short term assets ($11.7B) do not cover its short term liabilities ($58.0B).
Long Term Liabilities: AGNC's short term assets ($11.7B) exceed its long term liabilities ($134.0M).
Debt to Equity History and Analysis
Debt Level: AGNC's net debt to equity ratio (335.6%) is considered high.
Reducing Debt: AGNC's debt to equity ratio has reduced from 531.8% to 438.7% over the past 5 years.
Debt Coverage: AGNC's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: Insufficient data to determine if AGNC's interest payments on its debt are well covered by EBIT.
What is AGNC Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AGNC's dividend (9.78%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: AGNC's dividend (9.78%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: AGNC's dividend payments have been volatile in the past 10 years.
Growing Dividend: AGNC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.9%), AGNC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AGNC's dividends in 3 years are forecast to be covered by earnings (62.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Federico (55 yo)
Mr. Peter J. Federico is Chief Executive Officer and Director at AGNC Investment Corp. since July 1, 2021 and serves as its President since March 31, 2018. He had been Chief Operating Officer of AGNC Inves...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD5.49M) is about average for companies of similar size in the US market ($USD6.45M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Experienced Management: AGNC's management team is considered experienced (4.8 years average tenure).
Experienced Board: AGNC's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AGNC Investment Corp.'s employee growth, exchange listings and data sources
- Name: AGNC Investment Corp.
- Ticker: AGNC
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$7.732b
- Shares outstanding: 524.91m
- Website: https://www.agnc.com
Number of Employees
- AGNC Investment Corp.
- 2 Bethesda Metro Center
- 12th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:50|
|End of Day Share Price||2022/01/21 00:00|
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 here.