AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect AG Mortgage Investment Trust to post earnings of $0.18 per share and revenue of $18.44 million for the quarter.
AG Mortgage Investment Trust Stock Performance
AG Mortgage Investment Trust stock traded up $0.07 on Friday, reaching $7.40. The company's stock had a trading volume of 192,200 shares, compared to its average volume of 178,993. The business's fifty day moving average price is $6.83 and its 200 day moving average price is $7.05. The company has a market cap of $218.49 million, a price-to-earnings ratio of 3.25 and a beta of 2.00. AG Mortgage Investment Trust has a twelve month low of $5.44 and a twelve month high of $7.95.
AG Mortgage Investment Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust's dividend payout ratio is currently 33.33%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. StockNews.com downgraded AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.25.
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About AG Mortgage Investment Trust
(
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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.
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