AG Mortgage Investment Trust (NYSE:MITT) announced its earnings results on Monday. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50, Bloomberg Earnings reports. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The business had revenue of $22.67 million during the quarter, compared to the consensus estimate of $21.68 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year.
Shares of AG Mortgage Investment Trust (NYSE:MITT) opened at $16.95 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $492.52, a PE ratio of 8.91 and a beta of 0.74. AG Mortgage Investment Trust has a 12-month low of $16.39 and a 12-month high of $19.95.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were given a $0.475 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.90 dividend on an annualized basis and a yield of 11.21%. AG Mortgage Investment Trust’s payout ratio is currently 66.43%.
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.
Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.