AG Mortgage Investment Trust, Inc. (MITT)
| Market Cap | 205.43M |
| Revenue (ttm) | 100.38M |
| Net Income (ttm) | 43.79M |
| Shares Out | 29.47M |
| EPS (ttm) | 1.84 |
| PE Ratio | 3.79 |
| Forward PE | 10.73 |
| Dividend | $0.72 (10.33%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 166,984 |
| Open | 6.89 |
| Previous Close | 6.81 |
| Day's Range | 6.85 - 6.97 |
| 52-Week Range | 4.82 - 6.97 |
| Beta | 2.00 |
| Analysts | Strong Buy |
| Price Target | 7.58 (+8.75%) |
| Earnings Date | May 3, 2024 |
About MITT
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 d... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for MITT stock is "Strong Buy." The 12-month stock price forecast is $7.58, which is an increase of 8.75% from the latest price.
News
AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $65 million aggregate principal amount ...
AG Mortgage Investment Trust, Inc. Reports First Quarter 2024 Results
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 March 31, 2024. FIRST QUARTER ...
AG Mortgage Investment Trust, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release first quarter 2024 financial results prior to market open on Friday, May...
AG Mortgage Investment Trust, Inc. Announces First Quarter 2024 Common Dividend of $0.18 per Share
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the first quarter...
AG Mortgage Investment Trust, Inc. Reports Full Year and Fourth Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the full year and quarter ended December 31, 202...
AG Mortgage Investment Trust, Inc. Schedules Fourth Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release fourth quarter 2023 financial results prior to market open on Thursday, ...
AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2023 Distributions
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 info...
AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2023 Common Dividend
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.05 per common share. The dividend is paya...
AG Mortgage Investment Trust, Inc. Completes Acquisition of Western Asset Mortgage Capital Corporation
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced today that it has completed the previously announced acquisition of Western Asset Mortgage Capital Corpora...
Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust
PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merge...
AG Mortgage Investment Trust, Inc. Announces Second Interim Fourth Quarter Common Dividend of $0.05 Per Share
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.05 per common shar...
AG Mortgage Investment Trust, Inc. Reports Third Quarter 2023 Results
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, 2023. Q3 2023 FI...
AG Mortgage Investment Trust, Inc. Stockholders Approve Issuance of Common Stock in Merger With Western Asset Mortgage Capital Corporation
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that at the special meeting of stockholders held today its stockholders approved the issuance of MITT's co...
AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release third quarter 2023 financial results after market close on Tuesday, Nove...
Leading Independent Proxy Advisory Firm ISS Recommends AG Mortgage Investment Trust Stockholders Vote “FOR” the Proposed Merger With Western Asset Mortgage Capital Corporation
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (the “Company,” “we,” or “MITT”) (NYSE: MITT) announced today that leading proxy advisory firm Institutional Shareholder Services Inc. (“I...
AG Mortgage Investment Trust, Inc., Announces Interim Fourth Quarter Common Dividend of $0.08 Per Share
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared an interim fourth quarter dividend of $0.08 per common share. The...
AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Final Exchange Ratio for Proposed Merger
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co...
WESTERN ASSET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Western Asset Mortgage Capital Corporation - WMC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Western Asset Mo...
AG Mortgage Investment Trust, Inc. Announces Third Quarter 2023 Common Dividend of $0.18 per Share
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the third quarter...
MITT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of AG Mortgage Investment Trust, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of AG Mortgage Investment Trust, Inc. (NYSE: MITT) and Western Asset Mortgage Capital Corp...
AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Definitive Merger Agreement
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co...
AG Mortgage Investment Trust, Inc. Reports Second Quarter 2023 Results
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 June 30, 2023. Q2 2023 FINANCI...
AG Mortgage Investment Trust, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release second quarter 2023 financial results prior to market open on Monday, Au...
Western Asset Mortgage Capital Corporation Board Determines AG Mortgage Investment Trust, Inc. Proposal Is Superior to Terra Property Trust, Inc. Merger Agreement
PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC's board of directors has determined in good faith, after consultation with it...
Terra Property Trust Acquires 5.2% Stake in AG Mortgage Investment Trust to Unlock Value
NEW YORK , July 25, 2023 /PRNewswire/ -- Terra Property Trust, Inc. ("TPT"), a real estate investment trust externally managed by a subsidiary of Mavik Capital Management, LP ("Mavik"), today announc...