NYSE:MITT - AG Mortgage Investment Trust Stock Price, Price Target & More

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$19.14 -0.01 (-0.05 %)
(As of 07/17/2018 05:21 AM ET)
Previous Close$19.15
Today's Range$19.10 - $19.20
52-Week Range$16.31 - $19.95
Volume82,500 shs
Average Volume139,568 shs
Market Capitalization$540.05 million
P/E Ratio9.25
Dividend Yield10.44%
Beta0.67
AG Mortgage Investment Trust logoAG 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
SymbolNYSE:MITT
CUSIP00122810
Phone212-692-2000

Debt

Debt-to-Equity Ratio0.03
Current Ratio1.19
Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio9.25
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$128.85 million
Price / Sales4.19
Cash Flow$1.8765 per share
Price / Cash10.20
Book Value$19.62 per share
Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$118.55 million
Net Margins72.51%
Return on Equity11.95%
Return on Assets1.81%

Miscellaneous

Employees400
Outstanding Shares28,200,000
Market Cap$540.05

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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 declared a quarterly dividend on Tuesday, June 19th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.50 per share on Tuesday, July 31st. This represents a $2.00 annualized dividend and a yield of 10.45%. The ex-dividend date is Thursday, June 28th. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.48. 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) announced its earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. The real estate investment trust earned $24.03 million during the quarter. AG Mortgage Investment Trust had a return on equity of 11.95% and a net margin of 72.51%. 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 Monday, August, 6th 2018. View Earnings Estimates for AG Mortgage Investment Trust.

What price target have analysts set for MITT?

2 equities research analysts have issued 12 month price objectives for AG Mortgage Investment Trust's stock. Their forecasts range from $18.00 to $18.25. On average, they expect AG Mortgage Investment Trust's stock price to reach $18.1250 in the next twelve months. This suggests that the stock has a possible downside of 5.3%. View Analyst Ratings for AG Mortgage Investment Trust.

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

2 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 for the stock, resulting in a consensus recommendation of "Hold."

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 56)
  • Mr. Brian Chad Sigman, CFO, Treasurer & Director (Age 40)
  • Mr. Raul Enrique Moreno, Gen. Counsel & Sec. (Age 37)
  • Mr. Andrew Parks, Chief Risk Officer (Age 46)
  • Mr. Thomas J. Durkin, Chief Investment Officer & Director (Age 35)

Has AG Mortgage Investment Trust been receiving favorable news coverage?

Media coverage about MITT stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a news sentiment score of 0.12 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 45.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 $19.14.

How big of a company is AG Mortgage Investment Trust?

AG Mortgage Investment Trust has a market capitalization of $540.05 million and generates $128.85 million in revenue each year. AG Mortgage Investment Trust employs 400 workers across the globe.

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:  221 (Vote Outperform)
Underperform Votes:  217 (Vote Underperform)
Total Votes:  438
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 7/17/2018 by MarketBeat.com Staff

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