Welcome to our dedicated page for AGNC Investment news (Ticker: AGNC), a resource for investors and traders seeking the latest updates and insights on AGNC Investment stock.
AGNC Investment Corp. (Nasdaq: AGNC) is a leading, internally-managed real estate investment trust (REIT) founded in 2008 and headquartered in Bethesda, Maryland. The company invests primarily in agency residential mortgage-backed securities (MBS), which are guaranteed by U.S. government agencies such as the Government National Mortgage Association (Ginnie Mae), or U.S. government-sponsored enterprises like Fannie Mae and Freddie Mac. These investments are made on a leveraged basis, enabling AGNC to provide attractive risk-adjusted returns to its stockholders through a mix of monthly dividends and net asset value appreciation.
AGNC's principal investment strategy focuses on residential mortgage pass-through securities and collateralized mortgage obligations where the principal and interest payments are secured by either a government agency or a government-sponsored entity. By leveraging these high-quality assets, AGNC aims to maximize its income while managing risks through dynamic hedging strategies. As of recent updates, the company has a substantial investment portfolio and maintains a robust financial position.
With a market capitalization of $7.4 billion as of March 31, 2018, and total assets amounting to $69.2 billion, AGNC has established itself as the largest internally-managed residential mortgage REIT in the market. The company's commitment to delivering consistent dividends is reflected in its history of monthly dividend payments, which are a significant source of income for its investors. AGNC has paid out more than $13 billion in common stock dividends since its inception.
AGNC's investment portfolio is diversified across various types of mortgage-backed securities. As of the latest quarter, the company's portfolio valued at over $60 billion includes not only agency MBS but also credit risk transfer (CRT) securities and other non-agency mortgage-related investments. AGNC's strategic capital allocation and active portfolio management have enabled it to navigate market volatility and generate favorable long-term returns for its stockholders.
In addition to its core activities, AGNC keeps investors informed through regular updates and announcements, such as declaring monthly dividends and reporting quarterly earnings. The company's proactive communication and transparency make it a reliable choice for investors seeking steady income and potential capital appreciation in the mortgage REIT sector.
AGNC Investment Corp. reported a comprehensive loss of $(0.07) per share for Q1 2023, which includes a net loss of $(0.31) per share and a positive other comprehensive income of $0.25 per share. The tangible net book value decreased by 4.4% to $9.41 per share from $9.84 at the end of 2022. The company generated $0.70 in net spread and dollar roll income per share while declaring a dividend of $0.36 per share, reflecting a -0.7% economic return on tangible equity. AGNC holds a $56.8 billion investment portfolio, primarily comprised of $45.1 billion in Agency mortgage-backed securities. Leverage was reported at 7.2x as of March 31, 2023. The company's outlook remains optimistic despite a challenging environment marked by banking instability and interest rate volatility.
AGNC Investment Corp. announced a cash dividend of $0.12 per share for April 2023, affirming its commitment to returning value to shareholders. This dividend is set to be paid on May 9, 2023, to common stockholders of record as of April 28, 2023. As a real estate investment trust (REIT), AGNC primarily invests in residential mortgage-backed securities, ensuring a stable income stream backed by U.S. government guarantees. This declaration indicates the company's focus on maintaining consistent returns despite market fluctuations.
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