
AGNC Investment (AGNC) Stock Forecast & Price Target
AGNC Investment (AGNC) Analyst Ratings
Bulls say
AGNC Investment Corp has demonstrated a positive trajectory with an increase in asset yields to 4.80% and a higher portfolio constant prepayment rate (CPR) of 9.6%, indicating a favorable performance in the current interest rate environment. The firm's investment portfolio has seen marginal growth to $73.3 billion, supported by accretive share issuances that enhance book value. Furthermore, AGNC's strategic move to increase their hedge ratio to 91% and focus on coupon assets suggests confidence in generating attractive risk-adjusted returns, which aligns with expectations for supportive dividend levels amid a strengthening demand for mortgage-backed securities.
Bears say
AGNC Investment Corp reported a tangible book value per share (BVPS) of $8.41 for 4Q, which fell short of estimates and saw a 4.7% quarter-over-quarter decline, reflecting the company's heightened sensitivity to market rate fluctuations. Additionally, the company reduced its long-term conditional prepayment rate (CPR) forecast significantly from 13.2% to 7.7%, indicating expected lower asset yields that could further impact core earnings. The total economic return was negative at (0.6%), with reported core earnings per share (EPS) of $0.37 falling below both estimates and consensus expectations, leading to a downward revision in future EPS projections for fiscal years 2025 and 2026.
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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