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AG Mortgage Investment Trust - MITT Stock Forecast, Price & News

$4.29
-0.27 (-5.92%)
(As of 10/5/2022 03:10 PM ET)
Add
Compare
Today's Range
$4.13
$4.43
50-Day Range
$4.03
$8.27
52-Week Range
$3.86
$13.49
Volume
11,125 shs
Average Volume
358,792 shs
Market Capitalization
$96.53 million
P/E Ratio
N/A
Dividend Yield
20.84%
Price Target
$11.38

AG Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
165.2% Upside
$11.38 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$59,280 Bought Last Quarter
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.

2.49 out of 5 stars

Finance Sector

480th out of 887 stocks

Real Estate Investment Trusts Industry

119th out of 194 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-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments. 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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MITT Stock News Headlines

28 Prime-Buy August Reader Dividend Dogs
AG Mortgage: Low Investment Portfolio Yield
AG Mortgage Investment Trust declares $0.21 dividend
AG Mortgage Investment Trust Q4 2021 Earnings Preview
See More Headlines
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MITT Company Calendar

Ex-Dividend for 7/29 Dividend
6/29/2022
Dividend Payable
7/29/2022
Last Earnings
8/03/2022
Ex-Dividend for 10/31 Dividend
9/29/2022
Today
10/05/2022
Dividend Payable
10/31/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

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
$11.38
High Stock Price Forecast
$14.50
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+165.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$104.19 million
Pretax Margin
-11.01%

Debt

Sales & Book Value

Annual Sales
$70.66 million
Cash Flow
$1.92 per share
Book Value
$14.64 per share

Miscellaneous

Free Float
21,489,000
Market Cap
$96.53 million
Optionable
Optionable
Beta
1.68

Key Executives

  • Mr. David Nathan Roberts (Age 60)
    CEO & Exec. Chairman
  • Mr. Thomas J. Durkin (Age 39)
    Pres & Exec. Director
  • Mr. Anthony W. Rossiello (Age 34)
    CFO, Treasurer & Principal Accounting Officer
  • Mr. Nicholas Smith (Age 41)
    Chief Investment Officer
  • Karen Werbel
    Investor Relations
  • Ms. Jenny B. Neslin (Age 39)
    Gen. Counsel & Sec.
  • Mr. Andrew Parks (Age 50)
    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 "buy" MITT shares.
View MITT analyst ratings
or view top-rated stocks.

What is AG Mortgage Investment Trust's stock price forecast for 2022?

4 brokerages have issued 1-year price targets for AG Mortgage Investment Trust's shares. Their MITT share price forecasts range from $8.00 to $14.50. On average, they expect the company's stock price to reach $11.38 in the next twelve months. This suggests a possible upside of 149.5% 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 2022?

AG Mortgage Investment Trust's stock was trading at $10.25 at the beginning of 2022. Since then, MITT shares have decreased by 55.5% and is now trading at $4.56.
View the best growth stocks for 2022 here
.

Are investors shorting AG Mortgage Investment Trust?

AG Mortgage Investment Trust saw a increase in short interest in September. As of September 15th, there was short interest totaling 253,400 shares, an increase of 41.4% from the August 31st total of 179,200 shares. Based on an average trading volume of 188,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the company's stock are short sold.
View AG Mortgage Investment Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our MITT earnings forecast
.

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

AG Mortgage Investment Trust, Inc. (NYSE:MITT) released its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported ($2.27) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $2.19. AG Mortgage Investment Trust had a positive trailing twelve-month return on equity of 11.37% and a negative net margin of 14.07%.

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

AG Mortgage Investment Trust declared a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.21 per share on Monday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 18.42%. The ex-dividend date is Thursday, September 29th.
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 $0.84 per share and currently has a dividend yield of 20.84%. MITT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 closing bell 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."

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 $4.56.

How much money does AG Mortgage Investment Trust make?

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $102.60 million and generates $70.66 million in revenue each year. The real estate investment trust earns $104.19 million in net income (profit) each year or ($0.81) 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) 692-2000 or via email at ir@agmit.com.

This page (NYSE:MITT) was last updated on 10/5/2022 by MarketBeat.com Staff

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