AG Mortgage Investment Trust (NYSE:MITT) Posts Earnings Results, Beats Expectations By $0.01 EPS

AG Mortgage Investment Trust (NYSE:MITT) released its earnings results on Wednesday. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01, FiscalAI reports. AG Mortgage Investment Trust had a net margin of 6.71% and a return on equity of 14.93%. The firm had revenue of $6.47 million for the quarter, compared to analyst estimates of $21.97 million.

Here are the key takeaways from AG Mortgage Investment Trust’s conference call:

• The company’s book value fell 4.9% to $9.97 in Q1 and GAAP net loss was about $8.7M, driven by March unrealized portfolio losses, though management says at least 50% of that decline had recovered by April.
• Earnings available for distribution (EAD) was $0.26—enough to cover the newly raised quarterly dividend of $0.24 (the fourth increase since early 2025) and management said it intends to continue passing earnings through to shareholders.
• TPG MIT is executing its strategy into higher-return residentials, securitizing ~$500M of home equity loans (plus a subsequent ~$430M non‑agency deal) and growing ArcHome (now 56% owned), which contributed ~$0.04 to EAD and reported lock volumes of $1.3B (up 25% YoY).
• Portfolio credit metrics remain strong with serious delinquencies of 1.3% in non‑agency and 0.4% in home equity, and an average loan‑to‑value around the low 60% range, supporting confidence in underlying asset performance.
• Management is de‑risking legacy WMC commercial holdings (retail sale progressing; 2 of 4 hotels have LOIs) with financing extended through September and expects some exits by year‑end (others may slip into 2027); the company ended Q1 with about $100M of total liquidity to redeploy but timing and final outcomes remain uncertain.

AG Mortgage Investment Trust Stock Down 0.8%

MITT traded down $0.06 on Friday, reaching $7.83. The company’s stock had a trading volume of 164,355 shares, compared to its average volume of 263,040. The stock has a 50 day moving average of $7.78 and a two-hundred day moving average of $8.08. The company has a quick ratio of 10.33, a current ratio of 10.33 and a debt-to-equity ratio of 21.38. The company has a market capitalization of $248.36 million, a price-to-earnings ratio of 19.57 and a beta of 1.69. AG Mortgage Investment Trust has a fifty-two week low of $6.33 and a fifty-two week high of $9.27.

AG Mortgage Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.3%. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, March 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 240.00%.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in AG Mortgage Investment Trust by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 710,876 shares of the real estate investment trust’s stock valued at $6,059,000 after purchasing an additional 11,707 shares in the last quarter. State Street Corp boosted its holdings in AG Mortgage Investment Trust by 2.2% in the fourth quarter. State Street Corp now owns 576,088 shares of the real estate investment trust’s stock valued at $5,038,000 after purchasing an additional 12,581 shares in the last quarter. Millennium Management LLC acquired a new position in AG Mortgage Investment Trust in the fourth quarter valued at approximately $2,002,000. Janney Montgomery Scott LLC boosted its holdings in AG Mortgage Investment Trust by 2.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 193,383 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 5,033 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in AG Mortgage Investment Trust by 33.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 152,939 shares of the real estate investment trust’s stock valued at $1,303,000 after purchasing an additional 38,189 shares in the last quarter. 27.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Credit Suisse Group set a $9.25 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, January 22nd. Citigroup restated an “outperform” rating on shares of AG Mortgage Investment Trust in a research note on Thursday, January 22nd. JonesTrading upped their target price on shares of AG Mortgage Investment Trust from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research note on Friday, April 17th. Finally, Citizens Jmp upped their target price on shares of AG Mortgage Investment Trust from $8.50 to $9.25 and gave the stock a “market outperform” rating in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, AG Mortgage Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $9.17.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).