AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect AG Mortgage Investment Trust to post earnings of $0.27 per share and revenue of $18.67 million for the quarter.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The company had revenue of $22.00 million during the quarter, compared to analysts' expectations of $18.44 million. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AG Mortgage Investment Trust Stock Performance
NYSE MITT traded down $0.16 during mid-day trading on Wednesday, reaching $6.40. 23,298 shares of the stock were exchanged, compared to its average volume of 241,778. The company has a market capitalization of $189.70 million, a P/E ratio of 2.81 and a beta of 1.46. AG Mortgage Investment Trust has a 1 year low of $5.52 and a 1 year high of $7.95. The business's 50 day moving average is $6.99 and its 200-day moving average is $6.95.
AG Mortgage Investment Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.51%. The ex-dividend date is Monday, March 31st. This is a boost from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's dividend payout ratio (DPR) is currently 65.04%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $8.50 target price on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Jones Trading reduced their target price on AG Mortgage Investment Trust from $8.50 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.20.
Get Our Latest Stock Analysis on AG Mortgage Investment Trust
AG Mortgage Investment Trust Company Profile
(
Get Free Report)
AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.
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