AG Mortgage Investment Trust (MITT) Expected to Announce Earnings on Friday

AG Mortgage Investment Trust (NYSE:MITT) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $0.27 per share and revenue of $18.67 million for the quarter.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $22.00 million during the quarter, compared to the consensus estimate of $18.44 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AG Mortgage Investment Trust Trading Up 1.3 %

Shares of NYSE MITT opened at $6.53 on Wednesday. AG Mortgage Investment Trust has a 12-month low of $5.52 and a 12-month high of $7.95. The firm has a market capitalization of $193.52 million, a price-to-earnings ratio of 2.86 and a beta of 1.46. The firm has a 50 day moving average of $6.99 and a 200 day moving average of $6.95.

AG Mortgage Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.26%. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.19. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 65.04%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jones Trading decreased their price objective on shares of AG Mortgage Investment Trust from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. JMP Securities restated a “market outperform” rating and issued a $8.50 price objective on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AG Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.20.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.