Brokerages expect AG Mortgage Investment Trust, Inc. (NYSE:MITT) to announce earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for AG Mortgage Investment Trust’s earnings. AG Mortgage Investment Trust reported earnings of $0.43 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.

On average, analysts expect that AG Mortgage Investment Trust will report full-year earnings of $1.81 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $1.86 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow AG Mortgage Investment Trust.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. AG Mortgage Investment Trust had a return on equity of 12.66% and a net margin of 75.87%. The business had revenue of $19.80 million for the quarter.

Several brokerages have recently issued reports on MITT. Zacks Investment Research upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group restated a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a report on Monday, May 15th. Keefe, Bruyette & Woods set a $18.00 target price on AG Mortgage Investment Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. Wunderlich lifted their price target on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.38.

Shares of AG Mortgage Investment Trust (NYSE MITT) traded down 0.11% on Monday, reaching $18.69. The company had a trading volume of 14,520 shares. The company has a market capitalization of $517.81 million, a price-to-earnings ratio of 6.68 and a beta of 0.94. AG Mortgage Investment Trust has a 12 month low of $13.88 and a 12 month high of $19.38. The stock has a 50 day moving average price of $18.62 and a 200-day moving average price of $18.12.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, June 19th will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.15%. AG Mortgage Investment Trust’s dividend payout ratio is currently 68.10%.

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Several hedge funds have recently made changes to their positions in MITT. Aperio Group LLC boosted its stake in shares of AG Mortgage Investment Trust by 2.3% in the second quarter. Aperio Group LLC now owns 47,642 shares of the real estate investment trust’s stock worth $872,000 after buying an additional 1,070 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of AG Mortgage Investment Trust during the second quarter worth $259,000. Creative Planning boosted its stake in shares of AG Mortgage Investment Trust by 104.4% in the second quarter. Creative Planning now owns 5,858 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,992 shares in the last quarter. KAMES CAPITAL plc boosted its stake in shares of AG Mortgage Investment Trust by 0.9% in the second quarter. KAMES CAPITAL plc now owns 26,392 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 240 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of AG Mortgage Investment Trust during the first quarter worth $474,000. 66.48% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Company Profile

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