AG Mortgage Investment Trust, Inc. (MITT) to Release Quarterly Earnings on Wednesday
AG Mortgage Investment Trust, Inc. (NYSE:MITT) will be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $31.22 million for the quarter, compared to analyst estimates of $21.76 million. AG Mortgage Investment Trust had a return on equity of 11.97% and a net margin of 85.21%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. On average, analysts expect AG Mortgage Investment Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AG Mortgage Investment Trust, Inc. (MITT) opened at 19.38 on Wednesday. AG Mortgage Investment Trust, Inc. has a one year low of $15.00 and a one year high of $19.72. The firm has a 50-day moving average price of $19.37 and a 200-day moving average price of $18.86. The stock has a market cap of $539.31 million, a price-to-earnings ratio of 5.98 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 9.80%. The ex-dividend date is Thursday, September 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 58.82%.
A number of analysts recently commented on MITT shares. Credit Suisse Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research note on Thursday, August 10th. Zacks Investment Research lowered AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub lowered AG Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine raised AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. AG Mortgage Investment Trust presently has an average rating of “Hold” and a consensus target price of $18.17.
About AG Mortgage Investment Trust
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