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Last $19.10 USD
Change Today +0.26 / 1.38%
Volume 174.1K
MITT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

ag mortgage investment trust (MITT) Snapshot

Open
$18.91
Previous Close
$18.84
Day High
$19.13
Day Low
$18.90
52 Week High
09/8/14 - $20.09
52 Week Low
10/2/14 - $17.78
Market Cap
542.2M
Average Volume 10 Days
144.3K
EPS TTM
$2.73
Shares Outstanding
28.4M
EX-Date
03/19/15
P/E TM
7.0x
Dividend
$2.40
Dividend Yield
12.57%
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
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. 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.

AG Mortgage Investment Trust, Inc. Declares Quarterly Cash Preferred Dividends, Payable on June 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 June 17, 2015 to holders of record on May 29, 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 June 17, 2015 to holders of record on May 29, 2015.

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

AG Mortgage Investment Trust, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $28,866,087 compared to $27,996,153 a year ago. Income before equity in earnings from affiliates was $11,882,087 compared to $30,824,947 a year ago. Net income available to common stockholders was $9,396,088 or $0.33 per basic and diluted share compared to $27,818,888 or $0.98 per basic and diluted share a year ago. Core earnings were $17,947,236 or $0.63 per diluted share compared to $17,659,653 or $0.62 per diluted share a year ago. Book value, per share was $19.87 as of March 31, 2015. The company reported 1.7% economic return on equity for the quarter, 6.8% annualized. The $0.29 loss was primarily due to $0.34 of net realized losses on the company's securities and derivative portfolio, which was offset by $0.05 of unrealized gains on the portfolio.

 

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MITT:US $19.10 USD +0.26

MITT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Apollo Residential Mortgage Inc $16.00 USD +0.08
Arbor Realty Trust Inc $7.09 USD 0.00
Resource Capital Corp $4.21 USD +0.03
United Development Funding IV $17.70 USD -0.05
Western Asset Mortgage Capital Corp $15.37 USD +0.17
View Industry Companies
 

Industry Analysis

MITT

Industry Average

Valuation MITT Industry Range
Price/Earnings 6.9x
Price/Sales 4.8x
Price/Book 0.9x
Price/Cash Flow 5.9x
TEV/Sales NM Not Meaningful
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