International Assets Investment Management LLC Significantly Reduces Stake in AGNC Investment Corp. in Q1
July 4, 2023
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AGNC ($NASDAQ:AGNC) Investment Corp. is a publicly traded real estate investment trust (REIT) that focuses on investing in residential mortgage-backed securities (RMBS). The company is headquartered in Bethesda, Maryland, and trades on the NASDAQ under the ticker symbol “AGNC”. While the exact amount of their stake has not been disclosed, it is apparent that International Assets Investment Management LLC believes that AGNC Investment Corp. is no longer a viable investment.
This decision has prompted speculation from analysts and investors alike as to why the firm has made this decision. It remains to be seen whether or not other investors will follow suit and reduce their holdings in AGNC Investment Corp.
Price History
AGNC opened at $10.1 and closed at $10.0, a drop of 1.6% from its prior closing price. This was one of the largest reductions in IAIM’s investments in AGNC this quarter, with the company’s other stocks maintaining their positions. The decrease in AGNC’s stock value could be attributed to the current market conditions, as investors search for more reliable investments. Uncertainty surrounding economic recovery and the ongoing pandemic are likely to have influenced IAIM’s decision to reduce its stake in AGNC.
The shift away from AGNC by IAIM could be a sign of tightening markets, with investors becoming more wary of investments with little to no potential for growth or return. This could pose a challenge for the company in the near future, as it looks to attract new investments and sustain its current growth trajectory. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agnc Investment. More…
| Total Revenues | Net Income | Net Margin |
| -615 | -800 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agnc Investment. More…
| Operations | Investing | Financing |
| 1.01k | 11.19k | -11.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agnc Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 66.11k | 58.32k | 10.85 |
Key Ratios Snapshot
Some of the financial key ratios for Agnc Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
After conducting an analysis of AGNC Investment’s financials, we concluded that this company is classified as a ‘cow’ – a type of company with a track record of paying out consistent and sustainable dividends. Investors who are looking for a steady stream of income would be interested in this stock. AGNC INVESTMENT has a strong rating in asset, medium ratings in dividend and growth, and a weak rating in profitability. In addition, AGNC INVESTMENT has a low health score of 3 out of 10, which indicates that the company is less likely to pay off debt and fund future operations. More…
Peers
The company is headquartered in Bethesda, Maryland, and is externally managed by American Capital Agency Management LLC, a wholly owned subsidiary of American Capital Ltd. AGNC Investment Corp’s primary competitors are Invesco Mortgage Capital Inc, Chimera Investment Corp, and Orchid Island Capital Inc. All three companies are REITs that invest in RMBS.
– Invesco Mortgage Capital Inc ($NYSE:IVR)
Invesco Mortgage Capital Inc. has a market cap of 354.68M as of 2022. The company is a real estate investment trust that focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
– Chimera Investment Corp ($NYSE:CIM)
Chimera Investment Corporation is a real estate investment trust that invests primarily in residential mortgage-backed securities, commercial mortgage loans, and other real estate-related assets. The company has a market cap of $1.3 billion as of 2022. Chimera was founded in 2007 and is headquartered in New York, NY.
– Orchid Island Capital Inc ($NYSE:ORC)
Orchid Island Capital Inc is a real estate investment trust that specializes in investing in residential mortgage-backed securities. The company has a market cap of 324.1M as of 2022. Orchid Island Capital Inc is headquartered in Vero Beach, Florida.
Summary
AGNC Investment Corp. is a real estate investment trust (REIT) based in the United States. This indicates that investor sentiment is not as strong as it used to be. Investors should take into consideration the risks associated with this stock and research the company thoroughly before investing.
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