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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NYSE:MITT

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

$7.53
+0.08 (+1.07%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.33
$7.59
50-Day Range
$6.24
$8.32
52-Week Range
$6.15
$13.49
Volume
60,461 shs
Average Volume
193,276 shs
Market Capitalization
$180.15 million
P/E Ratio
N/A
Dividend Yield
11.28%
Price Target
$11.38

AG Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
51.1% Upside
$11.38 Price Target
Short Interest
Healthy
1.53% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of AG Mortgage Investment Trust in the last 14 days
Based on 7 Articles This Week
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.

2.55 out of 5 stars

Finance Sector

386th out of 885 stocks

Real Estate Investment Trusts Industry

85th out of 197 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.

Wall Street Analyst Weigh In

MITT has been the topic of a number of research reports. TheStreet cut AG Mortgage Investment Trust from a "c-" rating to a "d" rating in a report on Friday, May 27th. Keefe, Bruyette & Woods lowered AG Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and set a $8.50 price target on the stock. in a research report on Monday, July 18th. Credit Suisse Group reduced their price target on AG Mortgage Investment Trust to $8.00 in a research report on Friday, July 22nd. Finally, StockNews.com lowered AG Mortgage Investment Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.38.

AG Mortgage Investment Trust Trading Up 1.1 %

Shares of MITT Stock traded up $0.08 during trading hours on Tuesday, reaching $7.53. The company's stock had a trading volume of 60,461 shares, compared to its average volume of 193,276. The stock has a market capitalization of $180.15 million, a P/E ratio of -9.30 and a beta of 1.53. AG Mortgage Investment Trust has a one year low of $6.15 and a one year high of $13.49. The firm's fifty day simple moving average is $7.42 and its 200 day simple moving average is $8.24.

AG Mortgage Investment Trust (NYSE:MITT - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported ($2.27) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($2.19). AG Mortgage Investment Trust had a negative net margin of 14.07% and a positive return on equity of 10.85%.

AG Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date was Wednesday, June 29th. AG Mortgage Investment Trust's payout ratio is -103.70%.

Insider Buying and Selling at AG Mortgage Investment Trust

In related news, Director Matthew Jozoff acquired 8,000 shares of the stock in a transaction on Friday, August 5th. The stock was acquired at an average price of $7.41 per share, for a total transaction of $59,280.00. Following the completion of the purchase, the director now owns 40,008 shares of the company's stock, valued at $296,459.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

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MITT Stock News Headlines

AG Mortgage Investment Trust (NYSE:MITT) PT Lowered to $8.00
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
Today
8/10/2022
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
+51.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$104.19 million
Pretax Margin
48.10%

Debt

Sales & Book Value

Annual Sales
$70.66 million
Cash Flow
$1.83 per share
Book Value
$14.64 per share

Miscellaneous

Free Float
22,847,000
Market Cap
$180.15 million
Optionable
Optionable
Beta
1.53

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 analysts have issued "buy," "hold," and "sell" ratings for AG Mortgage Investment Trust in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month target prices for AG Mortgage Investment Trust's shares. Their MITT share price forecasts range from $8.00 to $14.50. On average, they predict the company's stock price to reach $11.38 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price.
View analysts price targets for MITT
or view top-rated stocks among Wall Street analysts.

How has AG Mortgage Investment Trust's stock performed in 2022?

AG Mortgage Investment Trust's stock was trading at $10.25 on January 1st, 2022. Since then, MITT shares have decreased by 26.5% and is now trading at $7.53.
View the best growth stocks for 2022 here
.

Are investors shorting AG Mortgage Investment Trust?

AG Mortgage Investment Trust saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 318,800 shares, a decrease of 38.5% from the June 30th total of 518,600 shares. Based on an average trading volume of 172,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.5% of the shares of the stock are short sold.
View AG Mortgage Investment Trust's Short Interest
.

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

AG Mortgage Investment Trust 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) announced its quarterly earnings data on Wednesday, August, 3rd. The real estate investment trust reported ($2.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $2.19. AG Mortgage Investment Trust had a negative net margin of 14.07% and a positive trailing twelve-month return on equity of 10.85%.

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 Wednesday, June 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.21 per share on Friday, July 29th. This represents a $0.84 annualized dividend and a yield of 11.16%. The ex-dividend date is Wednesday, June 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 11.28%. 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's stock 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."

Who are AG Mortgage Investment Trust's major shareholders?

AG Mortgage Investment Trust's stock is owned by many different retail and institutional investors. Top institutional investors include Beach Point Capital Management LP (9.55%) and Transcend Capital Advisors LLC (0.15%). Insiders that own company stock include David N Roberts, Joseph Lamanna, Matthew Jozoff and Thomas Durkin.
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 $7.53.

How much money does AG Mortgage Investment Trust make?

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $180.15 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 8/10/2022 by MarketBeat.com Staff

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