AG Mortgage Investment Trust (MITT) Getting Somewhat Positive Media Coverage, Analysis Finds

Press coverage about AG Mortgage Investment Trust (NYSE:MITT) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.1629823666628 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Separately, BidaskClub raised shares of AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.17.

Shares of AG Mortgage Investment Trust (NYSE:MITT) traded down $0.19 during midday trading on Wednesday, reaching $18.29. 135,100 shares of the company traded hands, compared to its average volume of 175,100. AG Mortgage Investment Trust has a one year low of $17.05 and a one year high of $19.95. The stock has a market cap of $515.64, a PE ratio of 6.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The company had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $21.65 million. During the same quarter in the prior year, the company earned $0.50 EPS. AG Mortgage Investment Trust’s revenue was down 1.8% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.90 annualized dividend and a yield of 10.39%. AG Mortgage Investment Trust’s dividend payout ratio is presently 66.20%.

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AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses 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. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

Insider Buying and Selling by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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