AGNCL preferred shares from AGNC Investment Corp are currently trading at a premium due to their fixed-to-reset (FTR) structure, which resets every five years based on the 5-year Treasury rate. However, their stripped yield is only 7.87%, lower than other AGNC preferred shares yielding between 8.5% and 9%. This premium valuation is seen as unattractive given the risk/reward profile, especially since AGNCL has 17 months of call protection and is trading below call value. Investors are advised to consider other AGNC preferred shares with better yields and risk profiles rather than paying extra for the FTR feature that may not justify the current price.
The VanEck Mortgage REIT Income ETF (MORT) has been given a sell rating because its key holdings face significant risks that threaten their high dividend yields. Companies like NLY, AGNC, and STWD suffer from thin profit margins, high leverage, and p...
AGNC Investment Corp. posted strong Q1 2026 results, with net interest income rising 100% year-over-year. The company improved its asset yield to 4.98% and net interest spread to 2.06%, benefiting from reinvesting cash flow into agency mortgage-backe...
