AGNC Stock Recent News

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In the latest trading session, AGNC Investment (AGNC) closed at $10.26, marking a +0.49% move from the previous day.

Attractive dividend yield and the Fed's rate cut decision are a positive for AGNC but recent volatility in the mortgage market might impact its financials.

Rates down, REITs up? Two years of persistent rate-driven pressure on residential and commercial real estate markets appears to finally be abating as the worst of pandemic-era inflationary pressures subside. Since the "pivot' in early July, the REIT Index has outpaced the S&P 500 by 10 percentage points. Despite this rebound, REITs still have 35 percentage points of "catch-up" to do. REITs aren't quite as "cheap" now as they were at the end of June, but that's not such a bad thing: premium equity valuations are the "fuel" for REITs' external growth.

AGNC's monthly dividend payment makes it appealing for income-focused investors. The dividend for the mortgage real estate investment trust currently yields 14%.

AGNC Capital and PennantPark Floating Rate Capital aren't known for raising their dividends very quickly, but they both offer eye-popping yields. AGNC Capital invests in mortgage-backed securities that could become more popular by the end of 2024.

U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.

AGNC Investment is a high-yield real estate investment trust that invests in mortgage securities. AGNC Investment has a dividend yield of more than 14% and a history of cutting its payout.

AGNC's stock has performed poorly over the past few years. However, lower interest rates set the stock up well to outperform over the next year.

All of AGNC Investment's total return has come from dividend income over the years. The REIT has had to cut its dividend several times in the past.