AG Mortgage Investment Trust (MITT) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AG Mortgage Investment Trust in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MITT shares.
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4 equities research analysts have issued 12 month price targets for AG Mortgage Investment Trust's shares. Their MITT share price forecasts range from $6.50 to $8.00. On average, they anticipate the company's stock price to reach $7.13 in the next year. This suggests a possible upside of 30.7% from the stock's current price.
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AG Mortgage Investment Trust's stock was trading at $5.31 at the beginning of the year. Since then, MITT shares have increased by 2.6% and is now trading at $5.45.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
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AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced its quarterly earnings data on Monday, August, 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by $0.03. The real estate investment trust had revenue of $60.79 million for the quarter. AG Mortgage Investment Trust had a trailing twelve-month return on equity of 8.75% and a net margin of 13.01%.

AG Mortgage Investment Trust announced a quarterly dividend on Friday, September 15th. Investors of record on Friday, September 29th will be given a dividend of $0.18 per share on Tuesday, October 31st. This represents a $0.72 annualized dividend and a yield of 13.21%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for MITT.

AG Mortgage Investment Trust (NYSE:MITT) pays an annual dividend of $0.72 per share and currently has a dividend yield of 12.88%. MITT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 130.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for MITT.

AG Mortgage Investment Trust shares reverse split before market open on Friday, July 23rd 2021. The 1-3 reverse split was announced on Friday, July 23rd 2021. The number of shares owned by shareholders was adjusted after the market closes on Friday, July 23rd 2021. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other AG Mortgage Investment Trust investors own include Invesco Mortgage Capital (IVR), Energy Transfer (ET), New York Mortgage Trust (NYMT), AGNC Investment (AGNC), New Residential Investment (NRZ), Annaly Capital Management (NLY), NGL Energy Partners (NGL), AT&T (T), MFA Financial (MFA) and Chimera Investment (CIM).

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

AG Mortgage Investment Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Beach Point Capital Management LP (10.30%), BlackRock Inc. (1.87%), Geode Capital Management LLC (1.18%), Wolverine Asset Management LLC (0.78%), Renaissance Technologies LLC (0.74%) and AlphaCentric Advisors LLC (0.52%). Insiders that own company stock include David N Roberts, Joseph Lamanna and Matthew Jozoff.
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Shares of MITT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MITT stock can currently be purchased for approximately $5.45.

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $110.20 million and generates $180.30 million in revenue each year. The real estate investment trust earns $-53,100,000.00 in net income (profit) each year or $0.55 on an earnings per share basis.

AG Mortgage Investment Trust's mailing address is 245 PARK AVENUE 26TH FLOOR, NEW YORK NY, 10167. The official website for the company is www.agmortgageinvestmenttrust.com. The real estate investment trust can be reached via phone at (212) 692-2110 or via email at ir@agmit.com.