AG Mortgage Investment Trust (NYSE:MITT) posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50, Bloomberg Earnings reports. The firm had revenue of $22.67 million for the quarter, compared to analyst estimates of $21.68 million. AG Mortgage Investment Trust had a return on equity of 11.23% and a net margin of 92.01%. AG Mortgage Investment Trust’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share.
AG Mortgage Investment Trust (NYSE MITT) traded up $0.14 on Wednesday, hitting $17.70. The stock had a trading volume of 151,804 shares, compared to its average volume of 163,954. AG Mortgage Investment Trust has a 52 week low of $16.31 and a 52 week high of $19.95. The company has a market cap of $496.53, a P/E ratio of 4.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.21 and a current ratio of 1.21.
In other AG Mortgage Investment Trust news, CFO Brian C. Sigman bought 7,200 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief financial officer now directly owns 38,500 shares in the company, valued at $657,965. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.57% of the stock is owned by corporate insiders.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.25 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, March 1st. One 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 an average rating of “Hold” and an average price target of $18.25.
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AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.
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