NYSE:MITT - AG Mortgage Investment Trust Stock Price, Price Target & More

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$19.12 -0.02 (-0.10 %)
(As of 07/18/2018 05:03 AM ET)
Previous Close$19.14
Today's Range$19.09 - $19.23
52-Week Range$16.31 - $19.95
Volume178,500 shs
Average Volume139,854 shs
Market Capitalization$540.05 million
P/E Ratio9.25
Dividend Yield10.44%
AG Mortgage Investment Trust logoAG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S. government agency or U.S. government-sponsored entities; and fixed- and floating-rate residential non-agency RMBS that are not issued by a U.S. government agencies or U.S. government-sponsored entities. The company also invests in other real estate-related assets and financial assets, including fixed- and floating-rate commercial mortgage-backed securities, such as investment grade and non-investment grade classes; residential mortgage loans secured by residential real property; and commercial mortgage loans secured by commercial real property comprising mezzanine loans and preferred equity. In addition, its other real estate-related assets and financial assets investments include first or second lien loans, subordinate interests in first mortgages, and mezzanine financing secured by interests in commercial real estate, as well as bridge loans to be used in the acquisition, construction, or redevelopment of a property; other real estate structured finance products, mortgage servicing rights, real estate-related loans and securities, and other financial assets; and investment grade and non-investment grade debt and equity tranches of securitizations backed by various asset classes, such as small balance commercial mortgages, aircraft, automobiles, credit cards, equipment, manufactured housing, franchises, recreational vehicles, and student loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs


Debt-to-Equity Ratio0.03
Current Ratio1.19
Quick Ratio1.19


Trailing P/E Ratio9.25
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$128.85 million
Price / Sales4.18
Cash Flow$1.8745 per share
Price / Cash10.20
Book Value$19.62 per share
Price / Book0.97


EPS (Most Recent Fiscal Year)N/A
Net Income$118.55 million
Net Margins72.51%
Return on Equity11.95%
Return on Assets1.81%


Outstanding Shares28,200,000
Market Cap$540.05

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AG Mortgage Investment Trust (NYSE:MITT) Frequently Asked Questions

What is AG Mortgage Investment Trust's stock symbol?

AG Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "MITT."

How often does AG Mortgage Investment Trust pay dividends? What is the dividend yield for AG Mortgage Investment Trust?

AG Mortgage Investment Trust announced a quarterly dividend on Tuesday, June 19th. Investors of record on Friday, June 29th will be given a dividend of $0.50 per share on Tuesday, July 31st. This represents a $2.00 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.48. View AG Mortgage Investment Trust's Dividend History.

How were AG Mortgage Investment Trust's earnings last quarter?

AG Mortgage Investment Trust Inc (NYSE:MITT) issued its earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.49 by $0.10. The real estate investment trust earned $24.03 million during the quarter. AG Mortgage Investment Trust had a net margin of 72.51% and a return on equity of 11.95%. View AG Mortgage Investment Trust's Earnings History.

When is AG Mortgage Investment Trust's next earnings date?

AG Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for AG Mortgage Investment Trust.

What price target have analysts set for MITT?

2 brokers have issued 1 year price objectives for AG Mortgage Investment Trust's shares. Their predictions range from $18.00 to $18.25. On average, they expect AG Mortgage Investment Trust's share price to reach $18.1250 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Ratings for AG Mortgage Investment Trust.

What is the consensus analysts' recommendation for AG Mortgage Investment Trust?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AG Mortgage Investment Trust in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of AG Mortgage Investment Trust's key competitors?

Who are AG Mortgage Investment Trust's key executives?

AG Mortgage Investment Trust's management team includes the folowing people:
  • Mr. David Nathan Roberts, Chairman, CEO & Pres (Age 56)
  • Mr. Brian Chad Sigman, CFO, Treasurer & Director (Age 40)
  • Mr. Raul Enrique Moreno, Gen. Counsel & Sec. (Age 37)
  • Mr. Andrew Parks, Chief Risk Officer (Age 46)
  • Mr. Thomas J. Durkin, Chief Investment Officer & Director (Age 35)

Has AG Mortgage Investment Trust been receiving favorable news coverage?

Press coverage about MITT stock has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a news sentiment score of 0.17 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 47.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

How do I buy shares of AG Mortgage Investment Trust?

Shares of MITT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is AG Mortgage Investment Trust's stock price today?

One share of MITT stock can currently be purchased for approximately $19.12.

How big of a company is AG Mortgage Investment Trust?

AG Mortgage Investment Trust has a market capitalization of $540.05 million and generates $128.85 million in revenue each year. AG Mortgage Investment Trust employs 400 workers across the globe.

How can I contact AG Mortgage Investment Trust?

AG Mortgage Investment Trust's mailing address is 245 PARK AVENUE 26TH FLOOR, NEW YORK NY, 10167. The real estate investment trust can be reached via phone at 212-692-2000 or via email at [email protected]

MarketBeat Community Rating for AG Mortgage Investment Trust (NYSE MITT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  223 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  441
MarketBeat's community ratings are surveys of what our community members think about AG Mortgage Investment Trust and other stocks. Vote "Outperform" if you believe MITT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/18/2018 by MarketBeat.com Staff

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