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home / news releases / NLY - AGNC Investment Q4: 14% Yield But No Major Re-Rating Potential (Rating Downgrade)

NLY - AGNC Investment Q4: 14% Yield But No Major Re-Rating Potential (Rating Downgrade)

Annaly Capital Management Inc

2024-01-28 23:40:55 ET

Summary

  • AGNC Investment Corporation is a mortgage real estate investment trust with a $60 billion portfolio mainly consisting of 30-year agency mortgage-backed securities.
  • The central bank's shift in interest rate strategy for 2024 has made mortgage trusts more attractive for passive income investors.
  • AGNC stock is now selling at a premium to book value, leading to a modification of its stock classification from Buy to Hold.

AGNC Investment Corp. ( AGNC ) is a well-managed mortgage real estate investment trust with a $60 billion portfolio consisting mainly of 30-year duration agency mortgage-backed securities....

For further details see:

AGNC Investment Q4: 14% Yield, But No Major Re-Rating Potential (Rating Downgrade)
Stock Information
Company Name: Annaly Capital Management Inc
Stock Symbol: NLY
Market: NYSE
Website: annaly.com
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