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

4 Wall Street equities 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 equities research analysts is that investors should "buy" MITT shares.
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4 equities research analysts have issued 12 month price targets for AG Mortgage Investment Trust's stock. Their MITT share price forecasts range from $6.50 to $8.00. On average, they expect the company's stock price to reach $7.13 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
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AG Mortgage Investment Trust's stock was trading at $5.31 at the start of the year. Since then, MITT stock has increased by 12.4% and is now trading at $5.97.
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AG Mortgage Investment Trust saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 170,700 shares, a decrease of 15.6% from the April 30th total of 202,300 shares. Based on an average trading volume of 128,900 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MITT earnings forecast.

AG Mortgage Investment Trust, Inc. (NYSE:MITT) posted its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported ($2.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $2.19. AG Mortgage Investment Trust had a positive trailing twelve-month return on equity of 8.65% and a negative net margin of 13.37%.

AG Mortgage Investment Trust declared a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be paid a dividend of $0.18 per share on Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.06%. The ex-dividend date is Thursday, March 30th.
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 12.10%. 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.

AG Mortgage Investment Trust's stock reverse split 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.

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 a variety of retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (10.99%), Susquehanna International Group LLP (0.00%), BlackRock Inc. (1.83%), Wolverine Asset Management LLC (1.10%), Geode Capital Management LLC (1.04%) and Renaissance Technologies LLC (0.64%). Insiders that own company stock include David N Roberts, Joseph Lamanna and Matthew Jozoff.
View institutional ownership trends.

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 $5.97.

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $120.89 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 ($1.89) 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.