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

Company Overview

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.

Key Stats

• Today's Range: $6.59 to $6.76
• 50-Day Range: $6.66 to $7.91
• 52-Week Range: $5.09 to $7.95
• Volume: 163,425 shs
• Average Volume: 192,615 shs
• Market Capitalization: $196.39 million
• P/E Ratio: 2.92
• Dividend Yield: 11.42%
• Price Target: $8.00
• Consensus Rating: Moderate Buy

AG Mortgage Investment Trust Stock Analysis - MarketRank™

AG Mortgage Investment Trust scored higher than 87% of companies evaluated by MarketBeat, and ranked 189th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AG Mortgage Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

AG Mortgage Investment Trust has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 44.87%

Earnings Growth

Earnings for AG Mortgage Investment Trust are expected to grow by 44.87% in the coming year, from $0.78 to $1.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AG Mortgage Investment Trust is 2.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of AG Mortgage Investment Trust is 2.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.29.

Price to Book Value per Share Ratio

AG Mortgage Investment Trust has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.04% of the float of AG Mortgage Investment Trust has been sold short.

Short Interest Ratio / Days to Cover

AG Mortgage Investment Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AG Mortgage Investment Trust has recently decreased by 11.73%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

AG Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 11.28%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

AG Mortgage Investment Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AG Mortgage Investment Trust is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, AG Mortgage Investment Trust will have a dividend payout ratio of 67.26% next year. This indicates that AG Mortgage Investment Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.04% of the float of AG Mortgage Investment Trust has been sold short.

Short Interest Ratio / Days to Cover

AG Mortgage Investment Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AG Mortgage Investment Trust has recently decreased by 11.73%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

AG Mortgage Investment Trust has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

Search Interest

8 people have searched for MITT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added AG Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, AG Mortgage Investment Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.20% of the stock of AG Mortgage Investment Trust is held by insiders.

Percentage Held by Institutions

Only 27.32% of the stock of AG Mortgage Investment Trust is held by institutions.

MITT Stock Analysis - Frequently Asked Questions

How have MITT shares performed this year?

AG Mortgage Investment Trust's stock was trading at $6.35 at the beginning of the year. Since then, MITT shares have increased by 4.8% and is now trading at $6.6550.
View the best growth stocks for 2024 here.

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

AG Mortgage Investment Trust, Inc. (NYSE:MITT) posted its quarterly earnings data on Friday, August, 2nd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The real estate investment trust earned $99.82 million during the quarter, compared to the consensus estimate of $17 million. AG Mortgage Investment Trust had a net margin of 20.19% and a trailing twelve-month return on equity of 9.70%.

When did AG Mortgage Investment Trust's stock split?

AG Mortgage Investment Trust shares reverse split 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 closing bell 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.

Who are AG Mortgage Investment Trust's major shareholders?

AG Mortgage Investment Trust's top institutional shareholders include Geode Capital Management LLC (2.25%), State Street Corp (1.17%), Wolverine Asset Management LLC (0.63%) and Janney Montgomery Scott LLC (0.57%). Insiders that own company stock include Thomas Durkin, Matthew Jozoff, David N Roberts and Joseph Lamanna.
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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that AG Mortgage Investment Trust investors own include Energy Transfer (ET), AGNC Investment (AGNC), Ford Motor (F), NVIDIA (NVDA), Meta Platforms (META), JPMorgan Chase & Co. (JPM) and Invesco Mortgage Capital (IVR).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 10/31 Dividend: 9/30/2024
• Dividend Payable: 10/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:MITT
• CUSIP: 00122810
• CIK: 1514281
• Web: www.agmortgageinvestmenttrust.com
• Phone: (212) 692-2110
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $9.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +20.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.28
• Trailing P/E Ratio: 2.92
• Forward P/E Ratio: 8.53
• P/E Growth: N/A
• Net Income: $53.78 million
• Net Margins: 20.19%
• Pretax Margin: 19.90%
• Return on Equity: 9.70%
• Return on Assets: 0.46%

Debt

• Debt-to-Equity Ratio: 19.97
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $260.33 million
• Price / Sales: 0.75
• Cash Flow: $0.57 per share
• Price / Cash Flow: 11.59
• Book Value: $10.46 per share
• Price / Book: 0.64

Miscellaneous

• Outstanding Shares: 29,510,000
• Free Float: 28,566,000
• Market Cap: $196.39 million
• Optionable: Optionable
• Beta: 2.04