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Last $17.45 USD
Change Today 0.00 / 0.00%
Volume 146.5K
MITT On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

ag mortgage investment trust (MITT) Snapshot

Open
$17.53
Previous Close
$17.45
Day High
$17.61
Day Low
$17.45
52 Week High
09/8/14 - $20.09
52 Week Low
07/1/15 - $17.12
Market Cap
495.4M
Average Volume 10 Days
303.5K
EPS TTM
$2.73
Shares Outstanding
28.4M
EX-Date
06/18/15
P/E TM
6.4x
Dividend
$2.40
Dividend Yield
13.74%
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 mortgage assets, other real estate-related securities, and financial assets. It 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. The company also invests in other real estate-related securities, including asset backed securities, fixed- and floating-rate commercial mortgage-backed securities; residential mortgage loans secured by residential real property, such as prime, Alt-A, and subprime mortgage loans; and commercial mortgage loans secured by commercial real property comprising mezzanine loans and preferred equity. In addition, its other real estate securities and financial assets investments include 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
Compensation as of Fiscal Year 2014.

ag mortgage investment trust (MITT) Key Developments

AG Mortgage Investment Trust, Inc. Announces Second Quarter 2015 Common Dividend, Payable on July 31, 2015

AG Mortgage Investment Trust, Inc. announced that its Board of Directors has declared a dividend of $0.60 per common share for the second quarter of 2015. The dividend is payable on July 31, 2015 to shareholders of record at the close of business on June 22, 2015, with an ex-dividend date of June 18, 2015.

AG Mortgage Investment Trust, Inc. Announces Resignation of Allan Krinsman as General Counsel and Secretary

On May 29, 2015, Allan Krinsman resigned as General Counsel and Secretary of AG Mortgage Investment Trust, Inc. There was no disagreement or dispute between Mr. Krinsman and the Company that led to his decision to resign. Mr. Krinsman will remain with Angelo, Gordon & Co. and support the transition to a new General Counsel and Secretary. The Company is managed by AG REIT Management, LLC (the Manager), which is a subsidiary of Angelo, Gordon & Co. Following Mr. Krinsman's resignation, D. Forest Wolfe will serve as the interim General Counsel and Secretary of the Company until a new permanent General Counsel and Secretary is hired. Mr. Wolfe currently serves as the General Counsel of Angelo, Gordon & Co. Mr. Wolfe served as the General Counsel of the Company from the Company's inception in March 2011 until August 2011.

AG Mortgage Investment Trust, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

AG Mortgage Investment Trust Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income available to common stockholders of $9.4 million, or $0.33 per common share compared to $27.82 million, or $0.98 per common share, for the same quarter ended March 31, 2014. Net interest income was $28.87 million, compared to $28 million for the same quarter ended March 31, 2014.

 

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MITT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apollo Residential Mortgage Inc $14.77 USD +0.01
Arbor Realty Trust Inc $6.68 USD -0.08
Resource Capital Corp $3.85 USD -0.05
United Development Funding IV $17.84 USD +0.22
Western Asset Mortgage Capital Corp $15.01 USD -0.16
View Industry Companies
 

Industry Analysis

MITT

Industry Average

Valuation MITT Industry Range
Price/Earnings 6.4x
Price/Sales 4.4x
Price/Book 0.9x
Price/Cash Flow 5.4x
TEV/Sales NM Not Meaningful
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