AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced a quarterly dividend on Tuesday, September 12th, Wall Street Journal reports. Investors of record on Friday, September 29th will be given a dividend of 0.475 per share by the real estate investment trust on Tuesday, October 31st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date is Thursday, September 28th.

AG Mortgage Investment Trust has decreased its dividend payment by an average of 14.1% annually over the last three years. AG Mortgage Investment Trust has a dividend payout ratio of 105.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

AG Mortgage Investment Trust (NYSE:MITT) traded down 0.99% during midday trading on Wednesday, hitting $19.05. 139,557 shares of the company were exchanged. AG Mortgage Investment Trust has a one year low of $14.61 and a one year high of $19.57. The stock has a market capitalization of $530.12 million, a PE ratio of 5.88 and a beta of 0.92. The firm’s 50-day moving average price is $18.99 and its 200-day moving average price is $18.49.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $31.22 million during the quarter, compared to analyst estimates of $21.76 million. AG Mortgage Investment Trust had a net margin of 85.21% and a return on equity of 11.97%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Equities research analysts anticipate that AG Mortgage Investment Trust will post $1.82 earnings per share for the current year.

A number of brokerages recently issued reports on MITT. ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Credit Suisse Group reiterated a “hold” rating and issued a $18.00 price objective on shares of AG Mortgage Investment Trust in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.38.

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AG Mortgage Investment Trust Company Profile

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

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