AG Mortgage Investment Trust, Inc., a real estate investment trust, invests in a portfolio of residential mortgage-backed securities and credit investments in the United States. Its investment portfolio includes residential investments, including re/non-performing loans, non-qualifying mortgages loans, and land related financing; and commercial investments, such as commercial mortgage-backed securities (CMBS), interest only securities, and CMBS interest-only and principal-only securities, as well as commercial real estate loans secured by commercial real property, including mortgages and mezzanine loans for construction or redevelopment of a properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.
IPO Year: 2011
Exchange: NYSE
Website: agmit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2024 | $9.00 | Overweight | Piper Sandler |
| 12/6/2023 | $7.00 | Buy | UBS |
| 1/9/2023 | $7.00 | Underperform → Neutral | Credit Suisse |
| 7/18/2022 | $8.50 | Outperform → Mkt Perform | Keefe Bruyette |
| 11/19/2021 | $16.00 → $14.50 | Buy | JonesTrading |
| 11/10/2021 | $13.50 → $14.50 | Market Outperform | JMP Securities |
| 11/8/2021 | Sell → Neutral | BTIG | |
| 10/11/2021 | Market Perform → Outperform | Keefe, Bruyette & Woods | |
| 10/11/2021 | $12.50 → $13.75 | Mkt Perform → Outperform | Keefe Bruyette |
| 9/28/2021 | $13.50 | Market Perform → Market Outperform | JMP Securities |
5 analysts have shared their evaluations of AG Mortgage IT (NYSE:MITT) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 1 0 1 0 0 Analysts have recently evaluated AG Mortgage IT and provided 12-month price targets. The average target is $7.8, accompanied by a high estimate o
JMP Securities analyst Trevor Cranston maintains AG Mortgage IT (NYSE:MITT) with a Market Outperform and raises the price target from $7.5 to $8.5.
AG Mortgage IT (NYSE:MITT) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 1 2 1 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $7.42, a high estimate of $8.00, and a low estimate of $7.00. This upward trend is eviden
Keefe, Bruyette & Woods analyst Bose George maintains AG Mortgage IT (NYSE:MITT) with a Market Perform and maintains $7.5 price target.
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that its Board of Directors has declared a dividend of $0.19 per common share for the second quarter 2024, representing a 5.6% increase over the prior quarter dividend of $0.18 per common share. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024.
Throughout the last three months, 5 analysts have evaluated AG Mortgage IT (NYSE:MITT), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 1 0 0 2M Ago 0 2 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $7.4, a high estimate of $8.00, and a low estimate of $7.00. Witnessing a positive shift, the current average has ri
JMP Securities analyst Trevor Cranston maintains AG Mortgage IT (NYSE:MITT) with a Market Outperform and raises the price target from $7 to $7.5.
AG Mortgage IT (NYSE:MITT) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $7.3, a high estimate of $8.00, and a low es
Keefe, Bruyette & Woods analyst Bose George maintains AG Mortgage IT (NYSE:MITT) with a Market Perform and raises the price target from $7 to $7.5.
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company" or "MITT") announced today that, as part of the 36th annual reconstitution of the Russell stock indexes, MITT is expected to be included in the Russell 3000® Index effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including MITT, was posted by FTSE Russell on May 24, 2024. "We are pleased to be included in the Russell 3000® Index, one of the most widely cited performance benchmarks for the U.S. stock market," said TJ Durkin, Chief Executive Officer and President. "This milestone highlights the success of our growth initiatives, expands our investor base and will provide increas
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT” or the “Company”) is pleased to announce that Dianne Hurley, a seasoned real estate industry executive, has joined its Board of Directors, effective December 1, 2020. She will serve as a member of the Company’s Audit Committee. With the appointment of Ms. Hurley, the Board of Directors consists of six members, four of whom are independent. Ms. Hurley is currently the Chief Financial and Operations Officer of Moravian Academy. Previously, she was the Chief Administrative Officer of A&E Real Estate, one of the largest owner/operators of multi-family real estate in New York City. Since 2015, Ms. Hurle
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release third quarter 2024 financial results prior to market open on Tuesday, November 5, 2024. The Company will host a conference call to discuss the results on Tuesday, November 5, 2024, at 8:00 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789. The Conference ID is MITTQ324. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4717833/1E880CC895F6CB36B08B5EBF90951240 and register using the same Conference ID. A presentatio
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that its Board of Directors has declared a dividend of $0.19 per common share for the third quarter 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., a diversifi
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release second quarter 2024 financial results prior to market open on Friday, August 2, 2024. The Company will host a conference call to discuss the results on Friday, August 2, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 445-7795 at least five minutes prior to the start time. International callers should dial (203) 518-9848. The Conference ID is MITTQ224. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4646757/7EBF9761C43ED3FA12317D6022DF1E1D and register using the same Conference ID. A presentation w
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that its Board of Directors has declared a dividend of $0.19 per common share for the second quarter 2024, representing a 5.6% increase over the prior quarter dividend of $0.18 per common share. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. "We believe in steadily increasing our dividend to align with our long-term earnings growth, and this increase reflects the sustainability and continuing strength of the earnings power in our investment portfolio along with additional scale created by the recently completed merger," said TJ Durkin, Chief Executi
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release first quarter 2024 financial results prior to market open on Friday, May 3, 2024. The Company will host a conference call to discuss the results on Friday, May 3, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (888) 632-3384 at least five minutes prior to the start time. International callers should dial (785) 424-1794. The Conference ID is MITTQ124. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4577047/1D9DB8A1E5AB02B0C4BCBCC321009FB1 and register using the same Conference ID. A presentation will acc
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced that its Board of Directors has declared a dividend of $0.18 per common share for the first quarter 2024. The dividend is payable on April 30, 2024 to shareholders of record at the close of business on March 29, 2024. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., a diversified credit
AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE:MITT) today reported financial results for the full year and quarter ended December 31, 2023. FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL HIGHLIGHTS Full Year 2023: $10.46 Book Value per share as of December 31, 2023 compared to $11.39 as of December 31, 2022(1) $10.20 Adjusted Book Value per share as of December 31, 2023 compared to $11.03 as of December 31, 2022(1) Decrease of approximately (7.5)% from December 31, 2022 Annual Economic Return on Equity of (1.0)%(2) $1.68 and $0.39 of Net Income/(Loss) and Earnings Available for Distribution ("EAD") per diluted common share, respectively(3
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release fourth quarter 2023 financial results prior to market open on Thursday, February 22, 2024. The Company will host a conference call to discuss the results on Thursday, February 22, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 445-7795 at least five minutes prior to the start time. International callers should dial (785) 424-1699. The Conference ID is MITTQ423. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4503620/58E78A554509AAFDAA8097512BFD7B3D and register using the same Conference ID. A pres
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today the tax treatment of common and preferred stock distributions paid to stockholders. This information is provided to assist stockholders with tax reporting requirements related to distributions of taxable income by the Company. Stockholders should review the 2023 tax statements and/or Form 1099-DIV received from their brokerage firms or other institutions to ensure those statements agree with the information provided below. Also, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their professional tax advisor with respect to their individual tax reporting positions
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced that its Board of Directors has declared a dividend of $0.05 per common share. The dividend is payable on January 31, 2024 to shareholders of record at the close of business on December 29, 2023. The $0.05 per common share dividend represents the remaining portion of the Company's regular fourth quarter 2023 dividend of $0.18 per common share. As previously announced, the Company declared interim fourth quarter 2023 dividends of (1) $0.08 per common share on October 24, 2023, which was paid on November 8, 2023 to common shareholders of record as of November 3, 2023, and (2) $0.05 per common share on November 20, 2023
Piper Sandler initiated coverage of AG Mortgage Investment Trust with a rating of Overweight and set a new price target of $9.00
UBS initiated coverage of AG Mortgage Investment Trust with a rating of Buy and set a new price target of $7.00
Credit Suisse upgraded AG Mortgage Investment Trust from Underperform to Neutral and set a new price target of $7.00
Keefe Bruyette downgraded AG Mortgage Investment Trust from Outperform to Mkt Perform and set a new price target of $8.50
JonesTrading reiterated coverage of AG Mortgage Investment with a rating of Buy and set a new price target of $14.50 from $16.00 previously
JMP Securities reiterated coverage of AG Mortgage Investment with a rating of Market Outperform and set a new price target of $14.50 from $13.50 previously
BTIG upgraded AG Mortgage Investment from Sell to Neutral
Keefe, Bruyette & Woods upgraded AG Mortgage Investment from Market Perform to Outperform
Keefe Bruyette upgraded AG Mortgage Investment Trust from Mkt Perform to Outperform and set a new price target of $13.75 from $12.50 previously
JMP Securities upgraded AG Mortgage Investment from Market Perform to Market Outperform and set a new price target of $13.50
4 - AG Mortgage Investment Trust, Inc. (0001514281) (Issuer)
8-K - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
CERT - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
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8-K - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
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10-Q - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
8-K - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
EFFECT - AG Mortgage Investment Trust, Inc. (0001514281) (Filer)
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release third quarter 2024 financial results prior to market open on Tuesday, November 5, 2024. The Company will host a conference call to discuss the results on Tuesday, November 5, 2024, at 8:00 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789. The Conference ID is MITTQ324. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4717833/1E880CC895F6CB36B08B5EBF90951240 and register using the same Conference ID. A presentatio
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that its Board of Directors has declared a dividend of $0.19 per common share for the third quarter 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., a diversifi
AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE:MITT) today reported financial results for the quarter ended June 30, 2024. SECOND QUARTER 2024 FINANCIAL HIGHLIGHTS $10.63 Book Value per share as of June 30, 2024 compared to $10.84 as of March 31, 2024(1) $10.37 Adjusted Book Value per share as of June 30, 2024 compared to $10.58 as of March 31, 2024(1) Decrease of (2.0)% from March 31, 2024 Quarterly economic return on equity of (0.2)%(2) $(0.02) of Net Income/(Loss) Available to Common Stockholders per diluted common share during the second quarter 2024(3) $0.21 of Earnings Available for Distribution ("EAD") per diluted common share d
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release second quarter 2024 financial results prior to market open on Friday, August 2, 2024. The Company will host a conference call to discuss the results on Friday, August 2, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 445-7795 at least five minutes prior to the start time. International callers should dial (203) 518-9848. The Conference ID is MITTQ224. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4646757/7EBF9761C43ED3FA12317D6022DF1E1D and register using the same Conference ID. A presentation w
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that its Board of Directors has declared a dividend of $0.19 per common share for the second quarter 2024, representing a 5.6% increase over the prior quarter dividend of $0.18 per common share. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. "We believe in steadily increasing our dividend to align with our long-term earnings growth, and this increase reflects the sustainability and continuing strength of the earnings power in our investment portfolio along with additional scale created by the recently completed merger," said TJ Durkin, Chief Executi
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company" or "MITT") announced today that, as part of the 36th annual reconstitution of the Russell stock indexes, MITT is expected to be included in the Russell 3000® Index effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including MITT, was posted by FTSE Russell on May 24, 2024. "We are pleased to be included in the Russell 3000® Index, one of the most widely cited performance benchmarks for the U.S. stock market," said TJ Durkin, Chief Executive Officer and President. "This milestone highlights the success of our growth initiatives, expands our investor base and will provide increas
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it has closed its previously announced underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the "Notes"). The Company has applied to list the Notes on the New York Stock Exchange under the symbol "MITP" and expects trading in the Notes on the New York Stock Exchange to begin on May 20, 2024. "We are extremely pleased to complete this successful follow-on bond offering, which along with our $34.5 million bond offering in January, effectively puts the legacy WMC convertible note maturity in the rear-view mirror," said TJ Durkin, Chief Executive Officer a
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it has priced an underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the "Notes"). The offering is expected to close on May 15, 2024, subject to the satisfaction of customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol "MITP" and, if the application is approved, expects trading in the Notes on the New York Stock Exchange to begin within 30 days after the Notes are first issued. The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company, an independen
AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE:MITT) today reported financial results for the quarter ended March 31, 2024. FIRST QUARTER 2024 FINANCIAL HIGHLIGHTS $10.84 Book Value per share as of March 31, 2024 compared to $10.46 as of December 31, 2023(1) $10.58 Adjusted Book Value per share as of March 31, 2024 compared to $10.20 as of December 31, 2023(1) Increase of 3.7% from December 31, 2023 Quarterly economic return on equity of 5.5%(2) $0.55 of Net Income/(Loss) Available to Common Stockholders per diluted common share during the first quarter 2024(3) $0.21 of Earnings Available for Distribution ("EAD") per diluted common sha
AG Mortgage Investment Trust, Inc. (NYSE:MITT) (the "Company") announced today that it will release first quarter 2024 financial results prior to market open on Friday, May 3, 2024. The Company will host a conference call to discuss the results on Friday, May 3, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (888) 632-3384 at least five minutes prior to the start time. International callers should dial (785) 424-1794. The Conference ID is MITTQ124. To listen to the live webcast of the conference call, please go to https://event.on24.com/wcc/r/4577047/1D9DB8A1E5AB02B0C4BCBCC321009FB1 and register using the same Conference ID. A presentation will acc
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