AG Mortgage Investment Trust (NYSE:MITT) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

AG Mortgage Investment Trust (NYSE:MITT) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01), Zacks reports. The business had revenue of $22.00 million for the quarter, compared to analysts’ expectations of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%.

AG Mortgage Investment Trust Stock Performance

MITT stock opened at $7.54 on Wednesday. The firm has a market cap of $222.36 million, a PE ratio of 3.30 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. The firm’s 50 day moving average price is $6.88 and its 200-day moving average price is $7.09.

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 issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.09%. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and issued a $8.50 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.