Media headlines about AG Mortgage Investment (NYSE:MITT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AG Mortgage Investment earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.0398048472465 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.25 price objective on shares of AG Mortgage Investment in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. AG Mortgage Investment presently has an average rating of “Hold” and an average price target of $18.25.
Shares of NYSE:MITT opened at $17.39 on Friday. AG Mortgage Investment has a twelve month low of $16.31 and a twelve month high of $19.95. The company has a market capitalization of $490.33, a PE ratio of 9.20 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.03.
AG Mortgage Investment (NYSE:MITT) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. AG Mortgage Investment had a net margin of 92.01% and a return on equity of 11.23%. The company had revenue of $22.67 million for the quarter, compared to analysts’ expectations of $21.68 million. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Wednesday, March 28th.
In other AG Mortgage Investment news, CFO Brian C. Sigman bought 7,200 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $17.09 per share, with a total value of $123,048.00. Following the completion of the acquisition, the chief financial officer now owns 38,500 shares in the company, valued at approximately $657,965. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.57% of the company’s stock.
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AG Mortgage Investment Company Profile
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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