NYSE:MITT - AG Mortgage Investment Trust Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$17.11 -0.08 (-0.47 %)
(As of 01/21/2019 04:45 AM ET)
Previous Close$17.11
Today's Range$17.07 - $17.26
52-Week Range$15.52 - $19.69
Volume121,046 shs
Average Volume193,391 shs
Market Capitalization$491.81 million
P/E Ratio7.67
Dividend Yield11.69%
Beta0.85
AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S. government agency or U.S. government-sponsored entities; and fixed- and floating-rate residential non-agency RMBS that are not issued by a U.S. government agencies or U.S. government-sponsored entities. The company also invests in other real estate-related assets and financial assets, including fixed- and floating-rate commercial mortgage-backed securities, such as investment grade and non-investment grade classes; residential mortgage loans secured by residential real property; and commercial mortgage loans secured by commercial real property comprising mezzanine loans and preferred equity. In addition, its other real estate-related assets and financial assets investments include first or second lien loans, subordinate interests in first mortgages, and mezzanine financing secured by interests in commercial real estate, as well as bridge loans to be used in the acquisition, construction, or redevelopment of a property; other real estate structured finance products, mortgage servicing rights, real estate-related loans and securities, and other financial assets; and investment grade and non-investment grade debt and equity tranches of securitizations backed by various asset classes, such as small balance commercial mortgages, aircraft, automobiles, credit cards, equipment, manufactured housing, franchises, recreational vehicles, and student loans. 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.

Receive MITT News and Ratings via Email

Sign-up to receive the latest news and ratings for MITT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP00122810
Phone212-692-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$128.85 million
Cash Flow$1.8761 per share
Book Value$19.62 per share

Profitability

Net Income$118.55 million

Miscellaneous

Employees400
Market Cap$491.81 million
OptionableOptionable

AG Mortgage Investment Trust (NYSE:MITT) Frequently Asked Questions

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 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 Monday, December 17th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.50 per share on Thursday, January 31st. This represents a $2.00 annualized dividend and a dividend yield of 11.69%. The ex-dividend date is Friday, December 28th. View AG Mortgage Investment Trust's Dividend History.

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

AG Mortgage Investment Trust Inc (NYSE:MITT) released its quarterly earnings results on Wednesday, November, 7th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.08. The real estate investment trust earned $21.01 million during the quarter. AG Mortgage Investment Trust had a return on equity of 13.36% and a net margin of 42.38%. View AG Mortgage Investment Trust's Earnings History.

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

AG Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for AG Mortgage Investment Trust.

What price target have analysts set for MITT?

1 analysts have issued twelve-month price targets for AG Mortgage Investment Trust's shares. Their forecasts range from $18.25 to $18.25. On average, they anticipate AG Mortgage Investment Trust's stock price to reach $18.25 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for AG Mortgage Investment Trust.

What is the consensus analysts' recommendation for AG Mortgage Investment Trust?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AG Mortgage Investment Trust in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for AG Mortgage Investment Trust.

Has AG Mortgage Investment Trust been receiving favorable news coverage?

Media headlines about MITT stock have trended somewhat negative this week, InfoTrie reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. AG Mortgage Investment Trust earned a news impact score of -1.4 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.

Who are some of AG Mortgage Investment Trust's key competitors?

Who are AG Mortgage Investment Trust's key executives?

AG Mortgage Investment Trust's management team includes the folowing people:
  • Mr. David Nathan Roberts, Chairman, CEO & Pres (Age 57)
  • Mr. Brian Chad Sigman, CFO, Treasurer & Director (Age 41)
  • Mr. Raul Enrique Moreno, Gen. Counsel & Sec. (Age 38)
  • Mr. Andrew Parks, Chief Risk Officer (Age 47)
  • Mr. Thomas J. Durkin, Chief Investment Officer & Director (Age 36)

Who are AG Mortgage Investment Trust's major shareholders?

AG Mortgage Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Meeder Asset Management Inc. (0.01%). View Institutional Ownership Trends for AG Mortgage Investment Trust.

Which major investors are selling AG Mortgage Investment Trust stock?

MITT stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. View Insider Buying and Selling for AG Mortgage Investment Trust.

How do I buy shares of AG Mortgage Investment Trust?

Shares of MITT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

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

One share of MITT stock can currently be purchased for approximately $17.11.

How big of a company is AG Mortgage Investment Trust?

AG Mortgage Investment Trust has a market capitalization of $491.81 million and generates $128.85 million in revenue each year. AG Mortgage Investment Trust employs 400 workers across the globe.

What is AG Mortgage Investment Trust's official website?

The official website for AG Mortgage Investment Trust is http://www.agmortgageinvestmenttrust.com.

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 real estate investment trust can be reached via phone at 212-692-2000 or via email at [email protected]


MarketBeat Community Rating for AG Mortgage Investment Trust (NYSE MITT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  233 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  474
MarketBeat's community ratings are surveys of what our community members think about AG Mortgage Investment Trust and other stocks. Vote "Outperform" if you believe MITT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel