JonesResearch initiated coverage of AGNC Investment with a Buy rating and $10.75 price target. As a “premier pure-play” agency mortgage real estate investment trust, AGNC is set to outperform amid expected policy stability and easing, which should allow it to generate mid- to high-teens returns on equity and substantial book value appreciation, the analyst tells investors in a research note.
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Read More on AGNC:
- AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for March 2024
- AGNC Investment Corp. Declares First Quarter Dividends on Preferred Stock
- Compass Point starts AGNC Investment with a Buy
- AGNC Investment initiated with a Buy at Compass Point
- AGNC Investment Corp. put volume heavy and directionally bearish
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