AG Mortgage Investment Trust (MITT) to Release Quarterly Earnings on Thursday

AG Mortgage Investment Trust (NYSE:MITT) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $18.44 million for the quarter.

AG Mortgage Investment Trust Stock Down 1.0 %

Shares of MITT opened at $7.35 on Tuesday. AG Mortgage Investment Trust has a 12-month low of $5.44 and a 12-month high of $7.95. The firm has a market capitalization of $216.75 million, a PE ratio of 3.22 and a beta of 2.00. The stock’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $7.06.

AG Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.35%. The ex-dividend date was Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

MITT has been the topic of several research reports. StockNews.com lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. JMP Securities reiterated a “market outperform” rating and issued a $8.50 price objective on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.