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AGNC Investment down 1.5% after Q3 results

Published 10/26/2017, 11:43 AM
Updated 10/26/2017, 11:43 AM
© Reuters.  AGNC Investment down 1.5% after Q3 results
  • There don't appear to be too many issues with the quarter - as is being seen with other agency REITs, income dipped, but book value gained as the yield curve narrowed in Q3. AGNC's (AGNC -1.5%) economic return topped 22% on an annualized basis for the quarter.
  • A near-10% premium to book value, however, may have mREIT fans looking for cheaper alternatives.
  • AGNC earnings presentation slides
  • Also on the move down post-earnings is Armour Residential (ARR -1.6%) - the company posted another strong quarter, but trades at a barely visible discount to book value.
  • Eking out gains after reporting last night are relatively cheaper alternatives CYS Investments (CYS +0.1%) and Capstead Mortgage (CMO +0.2%).
  • Other players today: Annaly (NLY -1.2%), Chimera (CIM -0.4%), MTGE Investment (MTGE -0.4%), MFA Financial (MFA -0.4%), Anworth (ANH -0.6%), AG Mortgage (MITT -0.2%), Dynex (DX -0.6%)
  • ETFs: MORL, REM, MORT
  • Now read: 10% Dividend Yield Is Scarier Than Any Halloween Monster


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