AGNCO - AGNC Investment: Higher Interest Rates Continue To Erode Shareholder Value
2024-04-23 07:03:03 ET
Summary
- AGNC Investment Corp. exceeds expectations in its latest earnings report, but there is no upside advantage to investing in common shares.
- The company's use of derivatives, such as interest rate swaps, has helped mitigate the negative impact of higher interest rates.
- AGNC's tangible book value per share has dropped significantly in the past four years, and the agency securities market has declined.
AGNC Investment Q1 Earnings
After Monday’s market close, AGNC Investment Corp. ( AGNC ) reported first quarter earnings that slightly exceeded expectations. The REIT continues to navigate the higher interest rate environment. While hedges continue to support keeping the company stable, I’m not seeing an upside advantage to investing in the common shares....
AGNC Investment: Higher Interest Rates Continue To Erode Shareholder Value