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.
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.
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