NYSE:MITT

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

$5.62
-0.06 (-1.06%)
(As of 04/24/2024 ET)
Today's Range
$5.57
$5.68
50-Day Range
$5.46
$6.22
52-Week Range
$4.82
$6.89
Volume
93,135 shs
Average Volume
200,726 shs
Market Capitalization
$165.51 million
P/E Ratio
3.58
Dividend Yield
12.81%
Price Target
$7.25

AG Mortgage Investment Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
29.0% Upside
$7.25 Price Target
Short Interest
Healthy
0.38% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.42mentions of AG Mortgage Investment Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$306,000 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Finance Sector

222nd out of 855 stocks

Real Estate Investment Trusts Industry

41st out of 180 stocks

MITT stock logo

About AG Mortgage Investment Trust Stock (NYSE:MITT)

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities. 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. AG Mortgage Investment Trust, Inc. was incorporated in 2011 and is based in New York, New York.

MITT Stock Price History

MITT Stock News Headlines

AG Mortgage Investment Trust Inc.
Claim Your Complimentary Bitcoin Reward
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.
AG Mortgage Investment Trust, Inc. (MITT-PC)
Claim Your Complimentary Bitcoin Reward
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.
AG Mortgage Investment Trust Inc Pb Pref (MITT_pb)
AG Mortgage Investment Trust Inc MITT
Q4 2023 AG Mortgage Investment Trust Inc Earnings Call
MITT Mar 2024 6.000 put
AG Mortgage Investment Trust, Inc. (MITT)
MITT AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. (MITT-PB)
See More Headlines
Receive MITT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for AG Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/07/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/24/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
00122810
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.25
High Stock Price Target
$8.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+27.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$53.78 million
Pretax Margin
21.19%

Debt

Sales & Book Value

Annual Sales
$260.33 million
Cash Flow
$0.60 per share
Book Value
$10.46 per share

Miscellaneous

Free Float
28,511,000
Market Cap
$167.28 million
Optionable
Optionable
Beta
1.98
7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

  • Mr. Thomas J. Durkin (Age 41)
    President, CEO & Executive Director
  • Mr. Anthony W. Rossiello (Age 36)
    CFO, Treasurer & Principal Accounting Officer
  • Mr. Nicholas Smith (Age 43)
    Chief Investment Officer & Director
  • Karen Werbel
    Investor Relations
  • Ms. Jenny B. Neslin (Age 41)
    General Counsel & Secretary
  • Mr. Andrew Parks (Age 52)
    Chief Risk Officer
    Comp: $202.22k
  • Ms. Emily Boldt
    Controller

MITT Stock Analysis - Frequently Asked Questions

Should I buy or sell AG Mortgage Investment Trust stock right now?

4 Wall Street 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 analysts is that investors should "moderate buy" MITT shares.
View MITT analyst ratings
or view top-rated stocks.

What is AG Mortgage Investment Trust's stock price target for 2024?

4 equities research analysts have issued twelve-month price objectives for AG Mortgage Investment Trust's shares. 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 twelve months. This suggests a possible upside of 29.0% from the stock's current price.
View analysts price targets for MITT
or view top-rated stocks among Wall Street analysts.

How have MITT shares performed in 2024?

AG Mortgage Investment Trust's stock was trading at $6.35 at the beginning of the year. Since then, MITT shares have decreased by 11.5% and is now trading at $5.62.
View the best growth stocks for 2024 here
.

Are investors shorting AG Mortgage Investment Trust?

AG Mortgage Investment Trust saw a decrease in short interest during the month of 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 daily volume of 212,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company's stock are short sold.
View AG Mortgage Investment Trust's Short Interest
.

When is AG Mortgage Investment Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our MITT earnings forecast
.

How were AG Mortgage Investment Trust's earnings last quarter?

AG Mortgage Investment Trust, Inc. (NYSE:MITT) issued its earnings results 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 earned $60.79 million during the quarter. AG Mortgage Investment Trust had a net margin of 20.66% and a trailing twelve-month return on equity of 8.64%.

How often does AG Mortgage Investment Trust pay dividends? What is the dividend yield for AG Mortgage Investment Trust?

AG Mortgage Investment Trust declared a quarterly dividend on Friday, March 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.18 per share on Tuesday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 12.81%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for MITT
.

Is AG Mortgage Investment Trust a good dividend stock?

AG Mortgage Investment Trust (NYSE:MITT) pays an annual dividend of $0.72 per share and currently has a dividend yield of 12.93%. 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.

What ETFs hold AG Mortgage Investment Trust's stock?

ETFs with the largest weight of AG Mortgage Investment Trust (NYSE:MITT) stock in their portfolio include Kingsbarn Dividend Opportunity ETF (DVDN).WisdomTree Alternative Income Fund (HYIN).

When did AG Mortgage Investment Trust's stock split?

AG Mortgage Investment Trust's stock 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.

What other stocks do shareholders of AG Mortgage Investment Trust own?

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).

Who are AG Mortgage Investment Trust's major shareholders?

AG Mortgage Investment Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Naviter Wealth LLC (0.06%). Insiders that own company stock include David N Roberts, Joseph Lamanna, Matthew Jozoff and Thomas Durkin.
View institutional ownership trends
.

How do I buy shares of AG Mortgage Investment Trust?

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.
Compare Top Brokerages Here.

This page (NYSE:MITT) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners