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

$7.47
-0.11 (-1.45%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.37
$7.53
50-Day Range
$6.24
$8.32
52-Week Range
$6.15
$13.49
Volume
56,907 shs
Average Volume
190,132 shs
Market Capitalization
$168.09 million
P/E Ratio
N/A
Dividend Yield
11.08%
Price Target
$11.38

AG Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
52.3% Upside
$11.38 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.54mentions of AG Mortgage Investment Trust in the last 14 days
Based on 3 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.

2.42 out of 5 stars

Finance Sector

390th out of 926 stocks

Real Estate Investment Trusts Industry

73rd out of 195 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.

AG Mortgage Investment Trust Stock Up 0.7 %

Shares of MITT opened at $7.58 on Monday. The company has a market cap of $170.57 million, a price-to-earnings ratio of -9.36 and a beta of 1.53. AG Mortgage Investment Trust has a twelve month low of $6.15 and a twelve month high of $13.49. The company has a 50 day moving average of $7.38 and a two-hundred day moving average of $8.18.

AG Mortgage Investment Trust (NYSE:MITT - Get Rating) last announced its 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 11.37%.

AG Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.84 annualized dividend and a dividend yield of 11.08%. AG Mortgage Investment Trust's payout ratio is currently -103.70%.

Analysts Set New Price Targets

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

Insider Transactions at AG Mortgage Investment Trust

In related news, Director Matthew Jozoff acquired 8,000 shares of the stock in a transaction dated Friday, August 5th. The stock was acquired at an average cost 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 approximately $296,459.28. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.50% of the company's stock.

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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
8/15/2022
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
+52.3%
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
$1.77 per share
Book Value
$14.64 per share

Miscellaneous

Free Float
21,489,000
Market Cap
$168.09 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 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.
View MITT analyst ratings
or view top-rated stocks.

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

4 Wall Street research analysts have issued 12-month price objectives for AG Mortgage Investment Trust's shares. Their MITT share price forecasts range from $8.00 to $14.50. On average, they anticipate the company's stock price to reach $11.38 in the next year. This suggests a possible upside of 52.3% 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 27.1% and is now trading at $7.47.
View the best growth stocks for 2022 here
.

Are investors shorting AG Mortgage Investment Trust?

AG Mortgage Investment Trust saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 318,800 shares, a decline of 38.5% from the June 30th total of 518,600 shares. Based on an average trading volume of 172,100 shares, the short-interest ratio is currently 1.9 days. Approximately 1.5% 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) posted its quarterly earnings data 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 trailing twelve-month return on equity of 11.37%.

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 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date of this dividend 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 11.08%. 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 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%), Millennium Management LLC (1.14%), Renaissance Technologies LLC (1.00%), Group One Trading L.P. (0.00%), Citadel Advisors LLC (0.00%) and EMG Holdings L.P. (0.20%). 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 $7.47.

How much money does AG Mortgage Investment Trust make?

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $168.09 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 8/15/2022 by MarketBeat.com Staff

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