AG Mortgage Investment Trust, Inc. (NYSE:MITT) Plans Quarterly Dividend of $0.24

AG Mortgage Investment Trust, Inc. (NYSE:MITT) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Tuesday, June 30th.

AG Mortgage Investment Trust has increased its dividend by an average of 0.6%per year over the last three years and has increased its dividend every year for the last 2 years. AG Mortgage Investment Trust has a payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect AG Mortgage Investment Trust to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 77.4%.

AG Mortgage Investment Trust Stock Performance

Shares of AG Mortgage Investment Trust stock opened at $7.92 on Wednesday. The company has a current ratio of 10.33, a quick ratio of 10.33 and a debt-to-equity ratio of 23.76. The firm has a market capitalization of $251.70 million, a P/E ratio of 19.79 and a beta of 1.63. The business has a fifty day simple moving average of $7.79 and a two-hundred day simple moving average of $8.13. AG Mortgage Investment Trust has a 12 month low of $6.86 and a 12 month high of $9.27.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $6.47 million during the quarter, compared to analyst estimates of $21.97 million. AG Mortgage Investment Trust had a return on equity of 15.02% and a net margin of 6.71%. On average, equities analysts forecast that AG Mortgage Investment Trust will post 1.09 earnings per share for the current fiscal year.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).