AG Mortgage Investment Trust (NYSE:MITT – Get Rating) released its earnings results on Friday. The real estate investment trust reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.96), Fidelity Earnings reports. AG Mortgage Investment Trust had a net margin of 141.14% and a return on equity of 11.69%.
MITT traded up $0.15 during trading on Friday, hitting $7.96. 317,438 shares of the company’s stock were exchanged, compared to its average volume of 178,734. AG Mortgage Investment Trust has a 1 year low of $7.09 and a 1 year high of $14.85. The stock has a 50 day moving average price of $8.41 and a 200 day moving average price of $9.83. The firm has a market cap of $190.40 million, a P/E ratio of 3.69 and a beta of 1.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.84 annualized dividend and a yield of 10.55%. AG Mortgage Investment Trust’s dividend payout ratio is currently 38.89%.
Separately, StockNews.com assumed coverage on shares of AG Mortgage Investment Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.69.
About AG Mortgage Investment Trust (Get Rating)
AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments.
- Get a free copy of the StockNews.com research report on AG Mortgage Investment Trust (MITT)
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