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

AG Mortgage Investment Trust (NYSE:MITT) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $18.44 million for the quarter.

AG Mortgage Investment Trust Stock Down 1.2 %

MITT opened at $7.28 on Thursday. AG Mortgage Investment Trust has a twelve month low of $5.44 and a twelve month high of $7.95. The company has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $7.04. The stock has a market capitalization of $214.69 million, a price-to-earnings ratio of 3.19 and a beta of 2.00.

AG Mortgage Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is 33.33%.

Analyst Ratings Changes

MITT has been the subject of several recent research reports. JMP Securities reaffirmed 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 cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AG Mortgage Investment Trust presently has an average 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.