Should You Buy AGNC Investment Stock While It's Below $11?
Is it the right time to buy this high-yielding mREIT for its near-14% yield?
Most investors own AGNC Investment (NASDAQ: AGNC) for its big monthly dividends and don't focus too much on its near-term price swings. The mortgage real estate investment trust (mREIT) pays a hefty forward dividend yield of 13.8%, but its stock has still quietly risen about 10% over the past 12 months.
Analysts' price targets for AGNC currently range from $9 to $11, and it's largely traded within that range over the past year. So should income-oriented investors accumulate more shares of AGNC as it treads water below Wall Street's top price target?
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