Headlines about AG Mortgage Investment (NYSE:MITT) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AG Mortgage Investment earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.2141016974193 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
Shares of NYSE MITT traded down $0.11 during midday trading on Thursday, hitting $17.23. 23,961 shares of the stock traded hands, compared to its average volume of 149,150. The company has a market cap of $490.32, a price-to-earnings ratio of 9.20 and a beta of 0.70. AG Mortgage Investment has a one year low of $16.31 and a one year high of $19.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.03.
AG Mortgage Investment (NYSE:MITT) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $22.67 million during the quarter, compared to the consensus estimate of $21.68 million. AG Mortgage Investment had a return on equity of 11.23% and a net margin of 92.01%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.475 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.90 annualized dividend and a dividend yield of 11.03%.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.25 target price on shares of AG Mortgage Investment in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.25.
In other news, CFO Brian C. Sigman acquired 7,200 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was purchased at an average price of $17.09 per share, for a total transaction of $123,048.00. Following the completion of the acquisition, the chief financial officer now directly owns 38,500 shares in the company, valued at approximately $657,965. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.57% of the company’s stock.
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About AG Mortgage Investment
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, 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) issued or guaranteed by a U.S.
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