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

AG Mortgage Investment Trust (NYSE:MITT) will be issuing its quarterly earnings data before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

AG Mortgage Investment Trust Price Performance

Shares of MITT opened at $7.85 on Wednesday. AG Mortgage Investment Trust has a one year low of $4.82 and a one year high of $7.86. The company has a 50-day moving average of $6.96 and a two-hundred day moving average of $6.41. The stock has a market cap of $231.34 million, a price-to-earnings ratio of 4.48 and a beta of 2.06.

AG Mortgage Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.68%. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, June 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 43.68%.

Wall Street Analyst Weigh In

MITT has been the subject of several recent analyst reports. Piper Sandler began coverage on shares of AG Mortgage Investment Trust in a report on Friday, July 26th. They issued an “overweight” rating and a $9.00 target price for the company. JMP Securities increased their price target on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $7.50 price target on shares of AG Mortgage Investment Trust in a research report on Monday, June 17th. Jonestrading reissued a “buy” rating and issued a $8.00 price target on shares of AG Mortgage Investment Trust in a research report on Friday, May 3rd. Finally, StockNews.com raised shares of AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.00.

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.