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AG Mortgage Investment Trust (MITT) Stock

Profile

Industry:

Mortgage

Country:

United States

IPO:

30 June 2011

Indexes:

Not included

Description:

MITT, or AG Mortgage Investment Trust, is a real estate investment trust (REIT) that focuses on investing in and managing a portfolio of mortgage-related assets. It aims to generate income for its shareholders through interest payments and capital appreciation from its investments in residential and commercial mortgages.

Key Details

Price

$6.83

TTM Dividend Yield

10.98%(-8.50% YoY)

PE Ratio

3.00(-21.47% YoY)

Beta

0.94

Events Calendar

Earnings

Next earnings date:

Feb 21, 2025

Recent quarterly earnings:

Nov 05, 2024

Recent annual earnings:

Feb 22, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 31, 2024
Splits

Next split:

N/A

Recent split:

July 23, 2021

Analyst ratings

Recent major analysts updates

05 Nov '24 Jones Trading
Buy
05 Aug '24 Jones Trading
Buy
26 July '24 Piper Sandler
Overweight
19 July '24 JMP Securities
Market Outperform
17 June '24 Keefe, Bruyette & Woods
Market Perform
30 May '24 JMP Securities
Market Outperform
07 May '24 Keefe, Bruyette & Woods
Market Perform
03 May '24 JonesTrading
Buy
19 Apr '24 JMP Securities
Market Outperform
18 Apr '24 JMP Securities
Market Outperform

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Institutional Ownership

AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript
MITT
seekingalpha.com05 November 2024

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Bose George - KBW Brad Capuzzi - Piper Sandler Doug Harter - UBS Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Eric Hagen - BTIG Operator Good day, and thank you for standing by.

AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly
AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly
AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly
MITT
seekingalpha.com05 November 2024

AG Mortgage Investment Trust, Inc. reported $0.40 net income per share, but earnings available for distribution ($0.17) did not fully cover the $0.19 dividend. Despite volatile interest rates, MITT delivered a strong quarter with a 3.9% economic return on equity and a net interest rate spread of 0.6%. The stock trades at a significant discount-to-book value, presenting a potential investment opportunity with a price target of $8.

AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates
AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates
AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates
MITT
zacks.com05 November 2024

AG Mortgage Investment Trust (MITT) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.10 per share a year ago.

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2024 Results
AG Mortgage Investment Trust, Inc. Reports Third Quarter 2024 Results
AG Mortgage Investment Trust, Inc. Reports Third Quarter 2024 Results
MITT
businesswire.com05 November 2024

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2024. MANAGEMENT REMARKS “MITT delivered yet another strong quarter as we continue to execute the core business strategy of originating and securitizing residential whole loans, with MITT generating an economic return on equity of 3.9% for the quarter,” said T.J. Durkin, Chief Executive Officer and President. “Wit.

AG Mortgage Investment Trust, Inc. (MITT) Q2 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q2 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q2 2024 Earnings Call Transcript
MITT
seekingalpha.com04 August 2024

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Trevor Cranston - Citizens JMP Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Operator Good day and thank you for standing by.

AG Mortgage: Double-Digit Yield From Fixed-Rate Preferred Shares With Reasonable Risk
AG Mortgage: Double-Digit Yield From Fixed-Rate Preferred Shares With Reasonable Risk
AG Mortgage: Double-Digit Yield From Fixed-Rate Preferred Shares With Reasonable Risk
MITT
seekingalpha.com03 July 2024

AG Mortgage Investment Trust is a mREIT with a focus on non-agency mortgage loans. The preferred dividends have been well covered by net income both in Q1 2024 and over the past year. Coverage by market capitalization is less robust if you take preferred shares at par value, but sufficient if you account for the discount the three preferred issues trade at.

AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029
AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029
AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029
MITT
seekingalpha.com03 July 2024

AG Mortgage Investment Trust issued two 9.500% Senior Notes due in 2029 with Call protection into 2026. After a brief review of the Issuer, both bonds are reviewed and compared. The low coverage ratio is a concern, at least to my conservative investing nature. Both Notes get a Hold rating. For investors willing to accept more risk, MITT also has three preferred stocks to pick from, two yielding over 10%.

Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment
Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment
Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment
MITT
seekingalpha.com02 June 2024

We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching. Preferreds were mostly down on the week, however, remain largely in the green month-to-date. Recent senior security issuance has been steady for a number of reasons.

AG Mortgage Investment Trust, Inc. (MITT) Q1 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q1 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q1 2024 Earnings Call Transcript
MITT
Seeking Alpha03 May 2024

AG Mortgage Investment Trust, Inc. (NYSE: MITT) Q1 2024 Earnings Conference Call on May 3, 2024 at 8:30 AM ET with company representatives including Jenny Neslin, T.J. Durkin, Nick Smith, and Anthony Rossiello. Participants on the call included Doug Harter, Jason Weaver, Bose George, Eric Hagen. Operator thanked everyone for joining.

AG Mortgage Investment Trust, Inc. (MITT) Q3 2023 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q3 2023 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (MITT) Q3 2023 Earnings Call Transcript
MITT
Seeking Alpha07 November 2023

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Trevor Cranston - JMP Securities Bose George - KBW Matthew Erdner - JonesTrading Operator Good day and thank you for standing by.

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FAQ

  • What is the primary business of AG Mortgage Investment Trust?
  • What is the ticker symbol for AG Mortgage Investment Trust?
  • Does AG Mortgage Investment Trust pay dividends?
  • What sector is AG Mortgage Investment Trust in?
  • What industry is AG Mortgage Investment Trust in?
  • What country is AG Mortgage Investment Trust based in?
  • When did AG Mortgage Investment Trust go public?
  • Is AG Mortgage Investment Trust in the S&P 500?
  • Is AG Mortgage Investment Trust in the NASDAQ 100?
  • Is AG Mortgage Investment Trust in the Dow Jones?
  • When was AG Mortgage Investment Trust's last earnings report?
  • When does AG Mortgage Investment Trust report earnings?
  • Should I buy AG Mortgage Investment Trust stock now?

What is the primary business of AG Mortgage Investment Trust?

MITT, or AG Mortgage Investment Trust, is a real estate investment trust (REIT) that focuses on investing in and managing a portfolio of mortgage-related assets. It aims to generate income for its shareholders through interest payments and capital appreciation from its investments in residential and commercial mortgages.

What is the ticker symbol for AG Mortgage Investment Trust?

The ticker symbol for AG Mortgage Investment Trust is NYSE:MITT

Does AG Mortgage Investment Trust pay dividends?

Yes, AG Mortgage Investment Trust pays dividends. The last payment was $0.19, with an ex-dividend date on 31 December 2024

What sector is AG Mortgage Investment Trust in?

AG Mortgage Investment Trust is in the Real Estate sector

What industry is AG Mortgage Investment Trust in?

AG Mortgage Investment Trust is in the Mortgage industry

What country is AG Mortgage Investment Trust based in?

AG Mortgage Investment Trust is headquartered in United States

When did AG Mortgage Investment Trust go public?

AG Mortgage Investment Trust's initial public offering (IPO) was on 30 June 2011

Is AG Mortgage Investment Trust in the S&P 500?

No, AG Mortgage Investment Trust is not included in the S&P 500 index

Is AG Mortgage Investment Trust in the NASDAQ 100?

No, AG Mortgage Investment Trust is not included in the NASDAQ 100 index

Is AG Mortgage Investment Trust in the Dow Jones?

No, AG Mortgage Investment Trust is not included in the Dow Jones index

When was AG Mortgage Investment Trust's last earnings report?

AG Mortgage Investment Trust's most recent earnings report was on 5 November 2024

When does AG Mortgage Investment Trust report earnings?

The next expected earnings date for AG Mortgage Investment Trust is 21 February 2025

Should I buy AG Mortgage Investment Trust stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions