28/7/2024, 8:21:02 pm

AGNC Investment's Book Value Falls. Are Better Days Ahead for the Stock?

AGNC Investment, a mortgage REIT, has a 14% forward dividend yield. Despite a 45% decline in tangible book value (TBV) from 2021 to 2023, the company remains optimistic about the government-agency MBS market, expecting multiple Fed rate cuts over the next two years. The company's TBV has started to bounce back, and with a recent 2% increase, it now stands at $8.40.