News headlines about AG Mortgage Investment Trust (NYSE:MITT) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AG Mortgage Investment Trust earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.3571635080612 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts recently commented on MITT shares. Zacks Investment Research upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group reissued a “hold” rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research note on Thursday, August 10th. ValuEngine raised AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.17.
AG Mortgage Investment Trust (NYSE:MITT) traded up 1.22% on Friday, hitting $19.09. The stock had a trading volume of 136,748 shares. The firm has a market cap of $531.24 million, a PE ratio of 5.89 and a beta of 0.91. The company’s 50 day moving average is $19.37 and its 200 day moving average is $18.86. AG Mortgage Investment Trust has a 12-month low of $15.09 and a 12-month high of $19.72.
AG Mortgage Investment Trust (NYSE:MITT) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. AG Mortgage Investment Trust had a net margin of 85.21% and a return on equity of 11.97%. The firm had revenue of $31.22 million for the quarter, compared to the consensus estimate of $21.76 million. During the same period in the prior year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts expect that AG Mortgage Investment Trust will post $1.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date is Thursday, September 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 58.82%.
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About AG Mortgage Investment Trust
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