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

$5.48
+0.06 (+1.11%)
(As of 09/28/2023 ET)
Compare
Today's Range
$5.35
$5.52
50-Day Range
$5.48
$6.79
52-Week Range
$3.52
$7.05
Volume
93,932 shs
Average Volume
113,998 shs
Market Capitalization
$110.81 million
P/E Ratio
9.96
Dividend Yield
13.14%
Price Target
$7.13

AG Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.0% Upside
$7.13 Price Target
Short Interest
Healthy
2.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.73mentions of AG Mortgage Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Finance Sector

433rd out of 877 stocks

Real Estate Investment Trusts Industry

86th out of 182 stocks


MITT stock logo

About AG Mortgage Investment Trust (NYSE:MITT) Stock

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities. 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.

MITT Price History

MITT Stock News Headlines

Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
AG Mortgage Investment: Income Name On Sale
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Q2 2023 AG Mortgage Investment Trust Inc Earnings Call
Preview: AG Mortgage Investment's Earnings
See More Headlines
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MITT Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Last Earnings
8/07/2023
Today
9/28/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
00122810
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.13
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
+30.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-53,100,000.00
Pretax Margin
13.87%

Debt

Sales & Book Value

Annual Sales
$180.30 million
Cash Flow
$1.14 per share
Book Value
$10.98 per share

Miscellaneous

Free Float
19,309,000
Market Cap
$110.20 million
Optionable
Optionable
Beta
1.88
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Key Executives

  • Mr. Thomas J. Durkin (Age 40)
    Pres, CEO & Exec. Director
  • Mr. Nicholas Smith (Age 42)
    Chief Investment Officer & Director
  • Mr. Anthony W. Rossiello (Age 35)
    CFO, Treasurer & Principal Accounting Officer
  • Karen Werbel
    Investor Relations
  • Ms. Jenny B. Neslin (Age 40)
    Gen. Counsel & Sec.
  • Mr. Andrew Parks (Age 51)
    Chief Risk Officer













MITT Stock - Frequently Asked Questions

Should I buy or sell AG Mortgage Investment Trust stock right now?

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.
View MITT analyst ratings
or view top-rated stocks.

What is AG Mortgage Investment Trust's stock price forecast for 2023?

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.
View analysts price targets for MITT
or view top-rated stocks among Wall Street analysts.

How have MITT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our MITT earnings forecast
.

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

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%.

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 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
.

Is AG Mortgage Investment Trust a good dividend stock?

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.

When did AG Mortgage Investment Trust's stock split?

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.

What other stocks do shareholders of AG Mortgage Investment Trust own?

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).

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."

Who are AG Mortgage Investment Trust's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of AG Mortgage Investment Trust?

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.
Compare Top Brokerages Here.

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

One share of MITT stock can currently be purchased for approximately $5.45.

How much money does AG Mortgage Investment Trust make?

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.

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 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.

This page (NYSE:MITT) was last updated on 9/28/2023 by MarketBeat.com Staff

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