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

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.
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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.
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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.
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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.
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AG Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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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%.

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.

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.

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.

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).

AG Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "MITT."

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.
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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.
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One share of MITT stock can currently be purchased for approximately $7.53.

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.

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.