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

AG Mortgage Investment Trust (NYSE:MITT) is expected to be announcing its earnings results 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 Price Performance

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

AG Mortgage Investment Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on MITT. JMP Securities reissued a “market outperform” rating and issued a $8.50 price objective on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. StockNews.com lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

About AG Mortgage Investment Trust

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.