AG Mortgage Investment Trust (MITT) Releases Quarterly Earnings Results

AG Mortgage Investment Trust (NYSE:MITT) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08, MarketWatch Earnings reports. AG Mortgage Investment Trust had a net margin of 52.87% and a return on equity of 12.95%. The company had revenue of $21.01 million for the quarter.

Shares of NYSE:MITT traded down $0.08 during trading on Friday, reaching $18.00. The stock had a trading volume of 8,161 shares, compared to its average volume of 120,966. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $494.81 million, a PE ratio of 8.15 and a beta of 0.77. AG Mortgage Investment Trust has a fifty-two week low of $16.31 and a fifty-two week high of $19.95.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date was Thursday, September 27th.

Separately, ValuEngine downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd.

ILLEGAL ACTIVITY NOTICE: “AG Mortgage Investment Trust (MITT) Releases Quarterly Earnings Results” was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/09/ag-mortgage-investment-trust-mitt-releases-quarterly-earnings-results.html.

About AG Mortgage Investment Trust

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.

Featured Story: Conference Calls

Earnings History for AG Mortgage Investment Trust (NYSE:MITT)

Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply