AG Mortgage Investment Trust (NYSE: MITT – Get a rating) is expected to release its earnings data before the market opens on Friday, May 6.
AG Mortgage Investment Trust (NYSE: MITT – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The real estate investment trust reported EPS of $0.33 for the quarter, beating analyst consensus estimates of $0.16 by $0.17. AG Mortgage Investment Trust posted a net margin of 141.14% and a return on equity of 11.69%.
Shares of AG Mortgage Investment Trust opened at $7.60 on Friday. The company has a 50-day moving average of $8.58 and a two-hundred-day moving average of $10.05. AG Mortgage Investment Trust has a 12-month low of $7.09 and a 12-month high of $14.85. The stock has a market capitalization of $181.75 million, a PE ratio of 1.35 and a beta of 1.45.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Investors of record on Thursday, March 31 will receive a dividend of $0.21. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 11.05%. The ex-dividend date is Wednesday, March 30. AG Mortgage Investment Trust’s dividend payout ratio is currently 14.92%.
Separately, StockNews.com launched coverage on AG Mortgage Investment Trust in a Thursday, March 31 report. They set a “hold” rating for the company. Two analysts rated the stock with a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.69.
Several institutional investors and hedge funds have recently changed their holdings in MITT. Wells Fargo & Company MN increased its stake in AG Mortgage Investment Trust by 387.4% in Q4. Wells Fargo & Company MN now owns 4,816 shares of the real estate investment trust valued at $49,000 after buying 3,828 additional shares last quarter. Bank of America Corp DE increased its stake in AG Mortgage Investment Trust by 73.3% in Q4. Bank of America Corp DE now owns 5,491 shares of the real estate investment trust valued at $56,000 after buying 2,323 additional shares last quarter. Bank of New York Mellon Corp increased its stake in AG Mortgage Investment Trust by 46.5% in the third quarter. Bank of New York Mellon Corp now owns 26,432 shares of the real estate investment trust valued at $302,000 after buying 8,392 additional shares last quarter. Cubist Systematic Strategies LLC bought a new position in AG Mortgage Investment Trust in Q4, valued at approximately $342,000. Finally, Citigroup Inc. bought a new position in AG Mortgage Investment Trust in Q4, valued at around $476,000. 48.59% of the shares are held by institutional investors and hedge funds.
About AG Mortgage Investment Trust (Get a rating)
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-qualifying mortgages, non-occupied loans by government-sponsored entities, re/non-performing loans, land-related financing and residential mortgage-backed securities. agency; and business investments.
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