AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03, Bloomberg Earnings reports. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. The firm had revenue of $31.22 million for the quarter, compared to the consensus estimate of $21.76 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis.
Shares of AG Mortgage Investment Trust (NYSE MITT) traded up 0.72% during mid-day trading on Thursday, hitting $19.48. 286,912 shares of the stock were exchanged. The company has a market capitalization of $540.06 million, a PE ratio of 6.01 and a beta of 0.94. The firm has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.23. AG Mortgage Investment Trust has a 12-month low of $14.61 and a 12-month high of $19.56.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, June 19th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date of this dividend was Thursday, June 15th. AG Mortgage Investment Trust’s payout ratio is 68.10%.
A number of research analysts recently commented on MITT shares. Zacks Investment Research downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research report on Friday, May 5th. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $18.00 target price on shares of AG Mortgage Investment Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, Wunderlich boosted their target price on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a research report on Monday, May 8th. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. AG Mortgage Investment Trust has an average rating of “Hold” and an average target price of $18.38.
AG Mortgage Investment Trust Company Profile
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