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MITT Stock Overview

Profile

Full Name:

AG Mortgage Investment Trust, Inc.

Industry:

Mortgage

Country:

United States

IPO:

June 30, 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

$6.92

Annual Revenue

$54.92 M(+841.66% YoY)

Annual EPS

$1.68(+153.85% YoY)

Beta

0.95

Events Calendar

Earnings

Next earnings date:

Feb 21, 2025

Recent quarterly earnings:

Nov 5, 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:

Jul 23, 2021

Analyst ratings

Recent major analysts updates

Jan 23, 25 JMP Securities
Market Outperform
Nov 5, 24 Jones Trading
Buy
Aug 5, 24 Jones Trading
Buy
Jul 26, 24 Piper Sandler
Overweight
Jul 19, 24 JMP Securities
Market Outperform
Jun 17, 24 Keefe, Bruyette & Woods
Market Perform
May 30, 24 JMP Securities
Market Outperform
May 7, 24 Keefe, Bruyette & Woods
Market Perform
May 3, 24 JonesTrading
Buy
Apr 19, 24 JMP Securities
Market Outperform

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Institutional Ownership

AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2024 Distributions
AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2024 Distributions
AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2024 Distributions
MITT
businesswire.comJanuary 31, 2025

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today the tax treatment of common and preferred stock distributions paid to stockholders. This information is provided to assist stockholders with tax reporting requirements related to distributions of taxable income by the Company. Stockholders should review the 2024 tax statements and/or Form 1099-DIV received from their brokerage firms or other institutions to ensure those statements agree wi.

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.comNovember 5, 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.comNovember 5, 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.comNovember 5, 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.comNovember 5, 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.comAugust 4, 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.comJuly 3, 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.comJuly 3, 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.comJune 2, 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 AlphaMay 3, 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.

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FAQ

  • 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 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 December 31, 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 June 30, 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 Nov 5, 2024

When does AG Mortgage Investment Trust report earnings?

The next expected earnings date for AG Mortgage Investment Trust is Feb 21, 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