AG Mortgage Investment Trust, Inc. (MITT) Announces $0.48 Quarterly Dividend

AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced a quarterly dividend on Friday, December 15th, NASDAQ reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.475 per share by the real estate investment trust on Wednesday, January 31st. 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 has decreased its dividend payment by an average of 14.1% per year over the last three years. AG Mortgage Investment Trust has a dividend payout ratio of 105.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of AG Mortgage Investment Trust (NYSE MITT) traded down $0.02 during trading hours on Friday, reaching $19.30. The company’s stock had a trading volume of 79,904 shares, compared to its average volume of 159,736. The company has a market cap of $544.68, a PE ratio of 6.75 and a beta of 0.91. 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 current ratio of 1.23 and a quick ratio of 1.23.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $21.65 million. AG Mortgage Investment Trust had a return on equity of 11.21% and a net margin of 74.99%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS.

MITT has been the subject of a number of recent analyst reports. BidaskClub cut AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine raised AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. AG Mortgage Investment Trust presently has a consensus rating of “Hold” and a consensus price target of $18.17.

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AG Mortgage Investment Trust Company Profile

Dividend History for AG Mortgage Investment Trust (NYSE:MITT)

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