Headlines about AG Mortgage Investment Trust (NYSE:MITT) have been trending somewhat positive this week, according to Alpha One. The research firm, a unit of Accern, scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a coverage optimism score of 0.12 on Alpha One’s scale. Alpha One also assigned press coverage about the real estate investment trust an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of AG Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 1st. Wunderlich cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Thursday, January 5th. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $18.00.
Shares of AG Mortgage Investment Trust (NYSE:MITT) traded up 0.60% on Friday, reaching $18.52. 184,486 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $17.87 and its 200-day moving average price is $17.16. The company has a market capitalization of $513.02 million, a P/E ratio of 10.31 and a beta of 0.89. AG Mortgage Investment Trust has a 1-year low of $13.00 and a 1-year high of $18.85.
AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings results on Tuesday, February 28th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.10. AG Mortgage Investment Trust had a net margin of 51.19% and a return on equity of 12.65%. The business had revenue of $23.23 million for the quarter, compared to analyst estimates of $21.88 million. Analysts anticipate that AG Mortgage Investment Trust will post $1.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Tuesday, March 21st will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Friday, March 17th. AG Mortgage Investment Trust’s payout ratio is presently 104.40%.
In related news, CFO Brian C. Sigman acquired 5,700 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average cost of $17.69 per share, with a total value of $100,833.00. Following the completion of the transaction, the chief financial officer now owns 30,633 shares of the company’s stock, valued at approximately $541,897.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.46% of the company’s stock.
AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets.
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