AG Mortgage Investment Trust (NYSE:MITT) Announces Earnings Results

AG Mortgage Investment Trust (NYSE:MITT) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10), Morningstar.com reports. The business had revenue of $16.62 million for the quarter. AG Mortgage Investment Trust had a return on equity of 12.28% and a net margin of 14.17%.

Shares of MITT stock opened at $15.96 on Wednesday. The stock has a market capitalization of $534.80 million, a P/E ratio of 7.94 and a beta of 0.93. The business’s 50 day simple moving average is $16.03. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.02. AG Mortgage Investment Trust has a 12-month low of $15.25 and a 12-month high of $19.19.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, June 27th. This represents a $2.00 dividend on an annualized basis and a yield of 12.53%.

In other AG Mortgage Investment Trust news, CEO David N. Roberts purchased 50,000 shares of the stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $16.53 per share, for a total transaction of $826,500.00. Following the completion of the transaction, the chief executive officer now owns 298,882 shares of the company’s stock, valued at approximately $4,940,519.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.37% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of AG Mortgage Investment Trust by 54.5% during the first quarter. JPMorgan Chase & Co. now owns 615,925 shares of the real estate investment trust’s stock valued at $10,372,000 after acquiring an additional 217,227 shares during the last quarter. Northern Trust Corp increased its holdings in shares of AG Mortgage Investment Trust by 1.9% in the fourth quarter. Northern Trust Corp now owns 367,228 shares of the real estate investment trust’s stock valued at $5,849,000 after purchasing an additional 6,818 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AG Mortgage Investment Trust by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 315,798 shares of the real estate investment trust’s stock valued at $5,030,000 after purchasing an additional 19,582 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of AG Mortgage Investment Trust by 100.1% in the first quarter. Marshall Wace LLP now owns 263,884 shares of the real estate investment trust’s stock valued at $4,444,000 after purchasing an additional 131,989 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of AG Mortgage Investment Trust by 17.8% in the first quarter. Martingale Asset Management L P now owns 243,764 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 36,904 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.

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

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