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AGNC Investment Corp. Declares First Quarter Dividends on Preferred Stock
PRNewswire (Wed, 13-Mar 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 March 28, 2024, AGNCO stock price declined to $24.06 with 110,663 million shares trading.
AGNCO has a market cap of $13.15 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 underperformed the market in the last year with a price return of +24.7% while the SPY ETF gained +33.6%. AGNCO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.7% and -1.8%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AGNCO support price is $24.15 and resistance is $24.36 (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.