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
Next Earnings Date2/26/2019 (Confirmed)
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 announced a quarterly dividend on Monday, December 17th. Shareholders of record on Monday, December 31st will be given a dividend of $0.50 per share on Thursday, January 31st. This represents a $2.00 dividend on an annualized basis and a yield of 11.33%. The ex-dividend date of this dividend 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) issued its quarterly earnings data on Wednesday, November, 7th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.08. The real estate investment trust had revenue of $21.01 million for the quarter. AG Mortgage Investment Trust had a net margin of 42.38% and a return on equity of 13.36%. 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 brokers have issued 12-month price targets for AG Mortgage Investment Trust's shares. Their predictions range from $18.25 to $18.25. On average, they anticipate AG Mortgage Investment Trust's share price to reach $18.25 in the next year. This suggests a possible upside of 3.3% 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?
News headlines about MITT stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. AG Mortgage Investment Trust earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.
Who are some of AG Mortgage Investment Trust's key competitors?
Some companies that are related to AG Mortgage Investment Trust include Tanger Factory Outlet Centers (SKT), Caretrust REIT (CTRE), Invesco Mortgage Capital (IVR), Retail Opportunity Investments (ROIC), Mack Cali Realty (CLI), Alexander's (ALX), Four Corners Property Trust (FCPT), Chesapeake Lodging Trust (CHSP), LTC Properties (LTC), CYRELA BRAZIL R/S (CYRBY), Alexander & Baldwin (ALEX), National Storage Affiliates Trust (NSA), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Safestore (SFSHF) and Global Net Lease (GNL).
What other stocks do shareholders of AG Mortgage Investment Trust own?
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?
AG Mortgage Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.81%), LSV Asset Management (3.34%), Prudential Financial Inc. (1.74%), Rothschild & Co. Asset Management US Inc. (1.31%), Northern Trust Corp (1.28%) and Geode Capital Management LLC (1.10%). Company insiders that own AG Mortgage Investment Trust stock include Brian C Sigman, David N Roberts and Thomas Durkin. 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 Van ECK Associates Corp, Connor Clark & Lunn Investment Management Ltd., Millennium Management LLC, Stifel Financial Corp, Bank of America Corp DE, Barclays PLC, MetLife Investment Advisors LLC and Wedbush Securities Inc.. View Insider Buying and Selling for AG Mortgage Investment Trust.
Which major investors are buying AG Mortgage Investment Trust stock?
MITT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Thrivent Financial for Lutherans, Martingale Asset Management L P, D. E. Shaw & Co. Inc., Los Angeles Capital Management & Equity Research Inc., ClariVest Asset Management LLC, Dupont Capital Management Corp and SG Americas Securities LLC. Company insiders that have bought AG Mortgage Investment Trust stock in the last two years include Brian C Sigman, David N Roberts and Thomas Durkin. 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 $17.66.
How big of a company is AG Mortgage Investment Trust?
AG Mortgage Investment Trust has a market capitalization of $507.62 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.
