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Last $19.33 USD
Change Today -0.01 / -0.05%
Volume 126.2K
MITT On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

ag mortgage investment trust (MITT) Snapshot

Open
$19.31
Previous Close
$19.34
Day High
$19.38
Day Low
$19.27
52 Week High
09/8/14 - $20.09
52 Week Low
04/30/14 - $17.40
Market Cap
548.7M
Average Volume 10 Days
151.6K
EPS TTM
$3.38
Shares Outstanding
28.4M
EX-Date
03/19/15
P/E TM
5.7x
Dividend
$2.40
Dividend Yield
12.42%
Current Stock Chart for AG MORTGAGE INVESTMENT TRUST (MITT)

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ag mortgage investment trust (MITT) Details

AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS), for which a U.S. government agency guarantees payments of principal and interest on the securities; and fixed- and floating-rate residential non-agency RMBS that are not issued by a U.S. government agency or a U.S. government-sponsored entity. It also invests in other real estate-related securities, such as asset backed securities, fixed- and floating-rate commercial mortgage-backed securities; residential mortgage loans secured by residential real property, including prime, Alt-A, and subprime mortgage loans; and commercial mortgage loans secured by commercial real property comprising mezzanine loans and preferred equity. In addition, the company’s other real estate securities and financial assets investments comprise first or second lien loans, subordinate interests in first mortgages, bridge loans to be used in the acquisition, construction, or redevelopment of a property, and mezzanine financing secured by interests in commercial real estate; other real estate structured finance products, mortgage servicing rights, other real estate-related loans and securities, and other financial assets; and investment grade and non-investment grade debt and equity tranches of securitizations backed by various asset classes, such as small balance commercial mortgages, aircraft, automobiles, credit cards, equipment, manufactured housing, franchises, recreational vehicles, and student loans. 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.

ag mortgage investment trust (MITT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.2M
Chief Risk Officer
Total Annual Compensation: $162.2K
General Counsel and Secretary
Total Annual Compensation: $185.9K
Compensation as of Fiscal Year 2014.

ag mortgage investment trust (MITT) Key Developments

AG Mortgage Investment Trust, Inc. Declares Dividend for the First Quarter 2015, Payable on April 30, 2015

AG Mortgage Investment Trust, Inc. announced that its Board of Directors has declared dividend of $0.60 per common share for the first quarter of 2015. The dividend is payable on April 30, 2015 to shareholders of record at the close of business on March 23, 2015, with an ex-dividend date of March 19, 2015.

AG Mortgage Investment Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

AG Mortgage Investment Trust, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net interest income of $28,406,068 compared to $31,033,245 a year ago. Income before income tax benefit and equity in earnings from affiliates was $15,129,288 compared to $16,796,191 a year ago. Net income available to common stockholders was $11,287,077 or $0.40 per basic and diluted share compared to $13,517,971 or $0.48 per basic and diluted share a year ago. Core earnings were $18,423,000 or $0.65 per diluted share compared to $19,069,000 or $0.67 per diluted share a year ago. Book value, per share was $20.13 as of December 31, 2014. The company reported 2.0% economic return on equity for the quarter, 7.9% annualized. For the year, the company reported net interest income of $115,075,790, income before income tax benefit and equity in earnings from affiliates of $105,630,844 and net income available to common stockholders of $95,926,152 or $3.37 per diluted share. Core earnings were $69,757,000 or $2.45 per diluted share. The company reported 17.7% economic return on equity for the year.

AG Mortgage Investment Trust, Inc. Declares Quarterly Cash Preferred Dividends, Payable on March 17, 2015

AG Mortgage Investment Trust, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its Series A 8.25% Cumulative Redeemable Preferred Stock. The dividend is payable on March 17, 2015 to holders of record on February 27, 2015. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its Series B 8.00% Cumulative Redeemable Preferred Stock. The dividend is payable on March 17, 2015 to holders of record on February 27, 2015.

 

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MITT:US $19.33 USD -0.01

MITT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apollo Residential Mortgage Inc $16.06 USD 0.00
Arbor Realty Trust Inc $6.93 USD 0.00
Ares Commercial Real Estate Corp $11.35 USD 0.00
Resource Capital Corp $4.48 USD -0.06
United Development Funding IV $18.73 USD +0.20
View Industry Companies
 

Industry Analysis

MITT

Industry Average

Valuation MITT Industry Range
Price/Earnings 5.7x
Price/Sales 4.2x
Price/Book 1.0x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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