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
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 Ratio1.20
Quick Ratio1.20
Price-To-Earnings
Trailing P/E Ratio8.84
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$128.85 million
Price / Sales4.18
Cash Flow$1.8815 per share
Price / Cash10.13
Book Value$19.62 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$118.55 million
Net Margins52.87%
Return on Equity12.95%
Return on Assets1.94%
Miscellaneous
Employees400
Outstanding Shares28,230,000
Market Cap$536.30 million
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 announced a quarterly dividend on Tuesday, June 19th. Investors of record on Friday, June 29th will be given a dividend of $0.50 per share on Tuesday, July 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date is Thursday, June 28th. This is a positive change 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) issued its earnings results on Monday, August, 6th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The real estate investment trust earned $19.74 million during the quarter. AG Mortgage Investment Trust had a return on equity of 12.95% and a net margin of 52.87%. 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 brokerages have issued 12-month target prices for AG Mortgage Investment Trust's stock. Their forecasts 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 twelve months. This suggests that the stock has a possible downside of 4.2%. 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.
Who are some of AG Mortgage Investment Trust's key competitors?
Some companies that are related to AG Mortgage Investment Trust include Chesapeake Lodging Trust (CHSP), Mack Cali Realty (CLI), Quality Care Properties (QCP), Ladder Capital (LADR), Select Income REIT (SIR), Alexander's (ALX), American Assets Trust (AAT), LTC Properties (LTC), Invesco Mortgage Capital (IVR), AMERN FIN TR IN/SH (AFIN), Alexander & Baldwin (ALEX), Four Corners Property Trust (FCPT), National Storage Affiliates Trust (NSA), Agree Realty (ADC) and Industrial Logistics Properties Trust (ILPT).
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?
News stories about MITT stock have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AG Mortgage Investment Trust earned a news and rumor sentiment score of 0.20 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 46.08 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for AG Mortgage Investment Trust.
Who are AG Mortgage Investment Trust's major shareholders?
AG Mortgage Investment Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.66%), Fuller & Thaler Asset Management Inc. (7.58%), LSV Asset Management (3.30%), Rothschild Asset Management Inc. (1.29%), Citadel Advisors LLC (0.86%) and Bank of America Corp DE (0.82%). View Institutional Ownership Trends for AG Mortgage Investment Trust.
Which major investors are selling AG Mortgage Investment Trust stock?
MITT stock was sold by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, Fuller & Thaler Asset Management Inc., Oppenheimer & Co. Inc., California Public Employees Retirement System, LSV Asset Management, WINTON GROUP Ltd, Bank of America Corp DE and PNC Financial Services Group Inc.. View Insider Buying and Selling for AG Mortgage Investment Trust.
Which major investors are buying AG Mortgage Investment Trust stock?
MITT stock was bought by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, BlackRock Inc., Renaissance Technologies LLC, Millennium Management LLC, Chicago Equity Partners LLC, Sei Investments Co., GSA Capital Partners LLP and Martingale Asset Management L P. View Insider Buying and Selling for AG Mortgage Investment Trust.
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 $19.06.
How big of a company is AG Mortgage Investment Trust?
AG Mortgage Investment Trust has a market capitalization of $536.30 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)
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.
