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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Phone212-692-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$128.85 million
Profitability
Miscellaneous
Employees400
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 declared a quarterly dividend on Monday, December 17th. Investors 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 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) posted its earnings results on Wednesday, November, 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Zacks' 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?
What price target have analysts set for MITT?
1 analysts have issued 12-month target prices for AG Mortgage Investment Trust's shares. Their predictions range from $18.25 to $18.25. On average, they expect AG Mortgage Investment Trust's stock price to reach $18.25 in the next year. 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 stories about MITT stock have trended very positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. AG Mortgage Investment Trust earned a daily sentiment score of 3.2 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are some of AG Mortgage Investment Trust's key competitors?
Some companies that are related to AG Mortgage Investment Trust include Washington Real Estate Investment Trust (WRE), Retail Opportunity Investments (ROIC), American Assets Trust (AAT), Mack Cali Realty (CLI), Ladder Capital (LADR), Four Corners Property Trust (FCPT), CYRELA BRAZIL R/S (CYRBY), Invesco Mortgage Capital (IVR), LTC Properties (LTC), Caretrust REIT (CTRE), Chesapeake Lodging Trust (CHSP), Alexander's (ALX), Alexander & Baldwin (ALEX), National Storage Affiliates Trust (NSA) and Safestore (SFSHF).
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?
Which major investors are selling AG Mortgage Investment Trust stock?
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 $491.80 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?
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)
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.
