Mortgage REIT swung to profit on a $461 million interest rate swap gain as Treasury yields surged, crushing revenue estimates by 114% with a 6.7% economic return on tangible common equity.
AGNC Investment :
AGNC
AGNC
Stock Data
$10.92
$0.30 (2.67%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - MORTGAGE
AGNC Investment Corp. specializes in providing private capital to the U.S. housing market, focusing on investments in mortgage-backed securities that are guaranteed by government-sponsored enterprises or U.S. government agencies. As a real estate investment trust (REIT), it primarily profits by distributing the majority of its taxable income to shareholders, avoiding most federal corporate income taxes. Originally known as American Capital Agency Corp., it rebranded to AGNC Investment Corp. in 2016 and is based in Bethesda, Maryland.
Latest Activity
AGNC reports after the bell with mortgage REIT investors watching whether rising rate spreads are bolstering book value or pressuring portfolio yields.
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All AGNC Investment Articles
191 Articles