AG Mortgage Investment Trust (NYSE:MITT – Get Free Report) is anticipated to release its earnings data before the market opens on Monday, March 3rd. Analysts expect AG Mortgage Investment Trust to post earnings of $0.19 per share and revenue of $18.44 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
AG Mortgage Investment Trust Stock Up 1.0 %
Shares of NYSE MITT opened at $7.57 on Friday. The business’s 50 day moving average is $6.87 and its two-hundred day moving average is $7.08. The company has a market cap of $223.24 million, a P/E ratio of 3.32 and a beta of 2.00. AG Mortgage Investment Trust has a 12 month low of $5.44 and a 12 month high of $7.95.
AG Mortgage Investment Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.
Analyst Ratings Changes
Several brokerages have commented on MITT. StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $8.50 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.25.
Read Our Latest Stock Report on MITT
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.
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