AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) will be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect AG Mortgage Investment Trust to post earnings of $0.20 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). AG Mortgage Investment Trust had a net margin of 17.20% and a return on equity of 9.44%. The firm had revenue of $99.82 million during the quarter, compared to analysts' expectations of $17.00 million. During the same period in the prior year, the company posted $0.08 EPS. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AG Mortgage Investment Trust Trading Up 2.3 %
NYSE MITT traded up $0.17 during trading hours on Wednesday, reaching $7.41. The company had a trading volume of 167,217 shares, compared to its average volume of 216,866. The stock has a market capitalization of $218.25 million, a P/E ratio of 4.26 and a beta of 2.05. AG Mortgage Investment Trust has a 1-year low of $5.00 and a 1-year high of $7.95. The stock has a 50-day moving average of $7.44 and a 200 day moving average of $6.97.
AG Mortgage Investment Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 10.26%. AG Mortgage Investment Trust's dividend payout ratio (DPR) is 43.68%.
Wall Street Analyst Weigh In
MITT has been the topic of a number of research reports. JMP Securities raised their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a "market outperform" rating in a research report on Friday, July 19th. StockNews.com upgraded shares of AG Mortgage Investment Trust from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Finally, Piper Sandler initiated coverage on AG Mortgage Investment Trust in a report on Friday, July 26th. They set an "overweight" rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $8.00.
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About AG Mortgage Investment Trust
(
Get Free Report)
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.
Further Reading
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