AG Mortgage Investment Trust (MITT) to Release Quarterly Earnings on Tuesday

AG Mortgage Investment Trust (NYSE:MITT) will announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.44% and a net margin of 17.20%. The firm had revenue of $99.82 million for the quarter, compared to analysts’ expectations of $17.00 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AG Mortgage Investment Trust Price Performance

Shares of MITT stock traded up $0.16 during mid-day trading on Wednesday, hitting $7.40. The stock had a trading volume of 66,608 shares, compared to its average volume of 216,387. The firm has a market capitalization of $218.11 million, a P/E ratio of 4.25 and a beta of 2.05. The firm’s 50-day moving average is $7.43 and its two-hundred day moving average is $6.97. AG Mortgage Investment Trust has a 12-month low of $5.00 and a 12-month high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 10.27%. AG Mortgage Investment Trust’s payout ratio is presently 43.68%.

Analysts Set New Price Targets

Several analysts have issued reports on MITT shares. Piper Sandler started coverage on AG Mortgage Investment Trust in a research report on Friday, July 26th. They set an “overweight” rating and a $9.00 target price on the stock. StockNews.com raised AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, JMP Securities boosted their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

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.