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AGNC Investment Corp. Declares Third Quarter Dividends on Preferred Stock
PRNewswire (Wed, 13-Sep 4:01 PM ET)
American Capital Agency Corp is a real estate investment trust that invests primarily in agency mortgage-backed securities, or MBS, on a leveraged basis. The firm's asset portfolio is comprised, cumulatively, of residential mortgage pass-through securities, collateralized mortgage obligations, or CMO, and nonagency MBS. Many of these are guaranteed by government-sponsored enterprises. The majority of American Capital's investments are fixed-rate agency MBS. Most of these are MBS with a 30-year maturity period. The counterparties to most of American Capital's assets are located in North America. Counterparties in Europe also represent a significant percentage of the company's total portfolio. American Capital derives nearly all its revenue in the form of interest income.
AGNC Investment Corp. - Depositary Shares, each representing a 1/1,000th interest in a share of Series E Fixed-to-Floating Cumulative Redeemable Preferred Stock trades on the NASDAQ stock market under the symbol AGNCO.
As of September 27, 2023, AGNCO stock price climbed to $23.75 with 16,433 million shares trading.
AGNCO has a market cap of $12.98 billion. This is considered a Large Cap stock.
In the last 3 years, AGNCO stock traded as high as $26.57 and as low as $17.56.
AGNCO has outperformed the market in the last year with a price return of +18.8% while the SPY ETF gained +18.7%. AGNCO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.9% and +1.1%, respectively, while the SPY returned -0.9% and -4.1%, respectively.
AGNCO support price is $23.42 and resistance is $23.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGNCO stock will trade within this expected range on the day.