AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Rating) announced a quarterly dividend on Wednesday, March 15th, Zacks reports. Shareholders of record on Friday, March 31st will be paid a dividend of 0.18 per share by the real estate investment trust on Friday, April 28th. This represents a $0.72 dividend on an annualized basis and a yield of 13.58%. The ex-dividend date is Thursday, March 30th.
AG Mortgage Investment Trust has decreased its dividend payment by an average of 47.8% per year over the last three years. AG Mortgage Investment Trust has a payout ratio of 91.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
AG Mortgage Investment Trust Trading Up 2.9 %
Shares of NYSE:MITT opened at $5.30 on Friday. The stock has a market capitalization of $112.41 million, a PE ratio of -1.76 and a beta of 1.85. The firm has a 50 day moving average of $6.21 and a 200-day moving average of $5.63. AG Mortgage Investment Trust has a 12 month low of $3.52 and a 12 month high of $9.65.
Institutional Trading of AG Mortgage Investment Trust
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Credit Suisse Group upgraded AG Mortgage Investment Trust from an “underperform” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Monday, January 9th. StockNews.com initiated coverage on AG Mortgage Investment Trust in a research note on Thursday. They issued a “hold” rating on the stock. Jonestrading decreased their target price on AG Mortgage Investment Trust from $13.00 to $8.00 in a research report on Monday, December 19th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of AG Mortgage Investment Trust from $7.75 to $6.50 and set a “market perform” rating on the stock in a research note on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, AG Mortgage Investment Trust has a consensus rating of “Hold” and a consensus price target of $7.13.
AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The firm conducts its business through the following segments: Securities and Loans and Single-Family Rental Properties.
- Get a free copy of the StockNews.com research report on AG Mortgage Investment Trust (MITT)
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