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

3 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 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MITT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MITT, but not buy additional shares or sell existing shares.
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3 analysts have issued 12 month price targets for AG Mortgage Investment Trust's shares. Their MITT share price forecasts range from $6.50 to $8.00. On average, they predict the company's stock price to reach $7.13 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price.
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AG Mortgage Investment Trust's stock was trading at $5.31 on January 1st, 2023. Since then, MITT shares have increased by 4.0% and is now trading at $5.52.
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AG Mortgage Investment Trust saw a decline in short interest in February. As of February 15th, there was short interest totaling 153,600 shares, a decline of 23.4% from the January 31st total of 200,500 shares. Based on an average daily trading volume, of 136,400 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
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AG Mortgage Investment Trust, Inc. (NYSE:MITT) posted its quarterly 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 29.45% and a positive trailing twelve-month return on equity of 7.56%.

AG Mortgage Investment Trust declared a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be paid a dividend of $0.18 per share on Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.04%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for MITT.

AG Mortgage Investment Trust (NYSE:MITT) pays an annual dividend of $0.72 per share and currently has a dividend yield of 13.69%. 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.

Shares of AG Mortgage Investment Trust 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 market closes 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 a number of institutional and retail investors. Top institutional shareholders include Beach Point Capital Management LP (10.35%), Susquehanna International Group LLP (0.00%), Wolverine Asset Management LLC (1.81%), Millennium Management LLC (1.11%), Geode Capital Management LLC (0.97%) and Renaissance Technologies LLC (0.49%). Insiders that own company stock include David N Roberts, Joseph Lamanna and Matthew Jozoff.
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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 $5.52.

AG Mortgage Investment Trust (NYSE:MITT) has a market capitalization of $117.08 million and generates $180.30 million in revenue each year. The real estate investment trust earns $-53,100,000.00 in net income (profit) each year or ($3.01) 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) 692-2110 or via email at ir@agmit.com.