AG Mortgage Investment Trust (MITT) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AG Mortgage Investment Trust in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MITT shares.
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4 brokerages have issued 12 month price objectives for AG Mortgage Investment Trust's stock. Their MITT share price targets range from $7.00 to $8.00. On average, they expect the company's share price to reach $7.25 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
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AG Mortgage Investment Trust's stock was trading at $6.35 at the beginning of the year. Since then, MITT stock has decreased by 14.1% and is now trading at $5.4550.
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AG Mortgage Investment Trust saw a decrease in short interest in March. As of March 15th, there was short interest totaling 115,800 shares, a decrease of 43.6% from the February 29th total of 205,200 shares. Based on an average trading volume of 212,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our MITT earnings forecast.

AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced its quarterly earnings data on Monday, August, 7th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.03. The real estate investment trust had revenue of $60.79 million for the quarter. AG Mortgage Investment Trust had a net margin of 20.66% and a trailing twelve-month return on equity of 8.64%.

AG Mortgage Investment Trust announced a quarterly dividend on Friday, March 15th. Investors of record on Friday, March 29th will be given a dividend of $0.18 per share on Tuesday, April 30th. This represents a $0.72 dividend on an annualized basis and a yield of 13.20%. The ex-dividend date is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.05.
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 12.90%. MITT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MITT.

AG Mortgage Investment Trust shares reverse split on the morning of 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).

Shares of MITT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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