AG Mortgage Investment Trust (MITT) Receiving Somewhat Favorable News Coverage, Report Shows
News coverage about AG Mortgage Investment Trust (NYSE:MITT) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.4469893338542 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
MITT has been the topic of several recent research reports. BidaskClub lowered shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.17.
AG Mortgage Investment Trust (NYSE:MITT) traded down $0.02 during midday trading on Friday, reaching $19.30. 79,904 shares of the company’s stock traded hands, compared to its average volume of 159,736. AG Mortgage Investment Trust has a 12-month low of $16.85 and a 12-month high of $19.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $544.68, a PE ratio of 6.75 and a beta of 0.91.
AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The firm had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $21.65 million. During the same period in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 9.84%. The ex-dividend date is Thursday, December 28th. AG Mortgage Investment Trust’s payout ratio is 66.43%.
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AG Mortgage Investment Trust Company Profile
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