AG Mortgage Investment Trust (NYSE:MITT) Announces Quarterly Earnings Results

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01), Zacks reports. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The firm had revenue of $22.00 million during the quarter, compared to the consensus estimate of $18.44 million.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT traded down $0.12 during trading on Thursday, reaching $7.44. 183,753 shares of the stock traded hands, compared to its average volume of 225,603. AG Mortgage Investment Trust has a 52-week low of $5.44 and a 52-week high of $7.95. The stock has a market cap of $219.41 million, a P/E ratio of 3.26 and a beta of 2.00. The stock has a 50-day moving average of $6.89 and a two-hundred day moving average of $7.10.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 10.22%. AG Mortgage Investment Trust's dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a "market outperform" rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.25.

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AG Mortgage Investment Trust Company Profile

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.