
AGNC Investment (AGNC) Stock Forecast & Price Target
AGNC Investment (AGNC) Analyst Ratings
Bulls say
AGNC Investment Corp has demonstrated a positive financial outlook, highlighted by an increase in asset yields to 4.80% and a rise in the portfolio's constant prepayment rate (CPR) to 9.6%, indicating robust performance in its investment in agency residential mortgage-backed securities. The company also achieved a marginal portfolio increase to $73.3 billion, supported by a successful share issuance that added approximately $0.06 per share to book value, showcasing effective capital management. Furthermore, AGNC's strategic positioning in production coupon assets, complemented by a positive net duration gap, suggests strong risk-adjusted returns and supports sustained dividend levels amid favorable market conditions for mortgage-backed securities.
Bears say
AGNC Investment Corp reported a tangible book value per share (BVPS) of $8.41 for 4Q, which was lower than the estimated $8.84, reflecting a 4.7% decline consistent with its sensitivity to market conditions, particularly a widening MBS spread. The firm also revised its long-term conditional prepayment rate (CPR) forecast significantly downward from 13.2% to 7.7%, which negatively impacts asset yield for core earnings. Additionally, core earnings per share (EPS) were reported at $0.37, below both the $0.40 estimate and consensus expectations of $0.42, coupled with a decrease in portfolio spread to 1.91% from 2.21% in the preceding quarter.
This aggregate rating is based on analysts' research of AGNC Investment and is not a guaranteed prediction by Public.com or investment advice.
AGNC Investment (AGNC) Analyst Forecast & Price Prediction
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