AGNC Investment (AGNC)
Financials
A mortgage REIT that invests in agency residential mortgage-backed securities on a leveraged basis to generate monthly dividend income.
What AGNC Investment does
AGNC Investment Corp. is a real estate investment trust that invests primarily in agency residential mortgage-backed securities (RMBS) guaranteed by U.S. Government-sponsored enterprises like Fannie Mae, Freddie Mac, and Ginnie Mae. The company operates with a leveraged investment strategy, funding its portfolio through repurchase agreements to enhance returns. AGNC generates income from net interest earned on its securities portfolio after accounting for borrowing and hedging costs, with a core objective of delivering favorable risk-adjusted returns through substantial monthly dividend distributions.
Themes: ["Mortgage-backed securities","Housing finance","REIT / dividend investing","Interest rate and prepayment risk management","Leveraged fixed income"]
Fundamentals
- Price$11.07 as of 2026-07-09 close
- Market cap$12.8B as of 2026-07-10
- 1-year return+16.5% as of 2026-07-09 close
- P/E8.70 as of 2026-07-10
- Net margin+32.7% as of 2026-07-10
- Gross margin+35.7% as of 2026-07-10
- ROE+12.7% as of 2026-07-10
- Debt / equity8.59 as of 2026-07-10
- Revenue growth (YoY)+27.4% as of 2026-07-10
- Beta1.31 as of 2026-07-10
Dividend: yield +13.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate risk: Rising rates reduce the value of existing fixed-rate mortgage securities and increase financing costs for the leveraged portfolio","Prepayment risk: Lower mortgage rates lead to accelerated prepayments, forcing reinvestment at lower yields and compressing net interest income","Leverage and liquidity risk: Heavy reliance on repurchase agreement financing exposes the company to refinancing costs and potential margin calls if credit conditions tighten"]
Competitors & peers
- New Residential Investment Corp. (NRZ)
- ARMOUR Residential REIT (ARR)
- Two Harbors Investment Corp. (TWO)
- MFA Financial Inc. (MFA)
- Annaly Capital Management (NLY)
- INVESCO Mortgage Capital (IVR)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.