AG Mortgage Investment Trust (NYSE:MITT – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
AG Mortgage Investment Trust (NYSE:MITT – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $99.82 million during the quarter, compared to analysts’ expectations of $17.00 million. AG Mortgage Investment Trust had a return on equity of 9.44% and a net margin of 17.20%. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AG Mortgage Investment Trust Price Performance
Shares of AG Mortgage Investment Trust stock traded up $0.16 during trading on Wednesday, reaching $7.40. 66,608 shares of the stock traded hands, compared to its average volume of 216,387. AG Mortgage Investment Trust has a 52-week low of $5.00 and a 52-week high of $7.95. The business has a fifty day simple moving average of $7.43 and a two-hundred day simple moving average of $6.97. The company has a market capitalization of $218.11 million, a price-to-earnings ratio of 4.25 and a beta of 2.05.
AG Mortgage Investment Trust Dividend Announcement
Wall Street Analysts Forecast Growth
MITT has been the topic of a number of recent research reports. Piper Sandler initiated coverage on shares of AG Mortgage Investment Trust in a research note on Friday, July 26th. They set an “overweight” rating and a $9.00 price target on the stock. JMP Securities upped their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, AG Mortgage Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $8.00.
Get Our Latest Stock Analysis on AG Mortgage Investment Trust
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.
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