AG Mortgage Investment Trust (MITT) Scheduled to Post Quarterly Earnings on Friday

AG Mortgage Investment Trust (NYSE:MITT) is scheduled to be announcing its earnings results before the market opens on Friday, May 3rd.

AG Mortgage Investment Trust Stock Performance

AG Mortgage Investment Trust stock opened at $5.65 on Monday. AG Mortgage Investment Trust has a fifty-two week low of $4.82 and a fifty-two week high of $6.89. The stock has a market cap of $166.39 million, a PE ratio of 3.60 and a beta of 1.98. The firm’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $5.82.

AG Mortgage Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 12.74%. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, March 27th. AG Mortgage Investment Trust’s payout ratio is presently 45.86%.

Insider Transactions at AG Mortgage Investment Trust

In other news, CEO Thomas Durkin purchased 50,000 shares of the stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $6.12 per share, with a total value of $306,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 372,832 shares of the company’s stock, valued at $2,281,731.84. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $7.00 price target on shares of AG Mortgage Investment Trust in a research note on Thursday, April 18th. Keefe, Bruyette & Woods increased their price target on shares of AG Mortgage Investment Trust from $6.75 to $7.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.25.

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.