
AGNC Investment (AGNC) Stock Forecast & Price Target
AGNC Investment (AGNC) Analyst Ratings
Bulls say
AGNC Investment Corp reported a tangible book value per share (BVPS) of $8.28, representing a 6% quarter-over-quarter increase, largely attributed to tightening mortgage spreads. The firm experienced a significant fair value increase of approximately $785 million on its $90.8 billion portfolio during the quarter, driven by favorable economic conditions, including lower benchmark rates and tighter spreads. The positive outlook is further supported by expected returns that align with AGNC's dividend levels and the attractiveness of agency mortgage-backed securities, alongside a strong economic return of 10.6% in the third quarter.
Bears say
AGNC Investment Corp experienced a decrease in its Portfolio CPR to 8.3% from 8.7% in the previous quarter, reflecting a decline in loan prepayment rates which typically impacts cash flow. Additionally, a reduction in net spread to 1.78% from 2.01% and lower earnings due to the expiration of low-cost swaps and diminished hedging activity contributed to weaker earnings per share, which fell below expectations. The combination of increasing capital costs, a declining hedge ratio, and potential management execution risks raises concerns about the company's future return on equity and the stability of its book value.
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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