AG Mortgage Investment Trust, Inc. (NYSE:MITT) Plans Quarterly Dividend of $0.23

AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced a quarterly dividend on Tuesday, December 16th. Investors of record on Wednesday, December 31st will be given a dividend of 0.23 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Wednesday, December 31st. This is a 9.5% increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.21.

AG Mortgage Investment Trust has decreased its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. AG Mortgage Investment Trust has a dividend payout ratio of 77.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect AG Mortgage Investment Trust to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 74.3%.

AG Mortgage Investment Trust Price Performance

AG Mortgage Investment Trust stock traded up $0.13 during trading hours on Tuesday, hitting $8.56. The company had a trading volume of 422,579 shares, compared to its average volume of 208,235. AG Mortgage Investment Trust has a fifty-two week low of $5.63 and a fifty-two week high of $8.68. The firm has a market capitalization of $271.82 million, a P/E ratio of 9.21 and a beta of 1.63. The firm’s fifty day moving average is $7.67 and its 200-day moving average is $7.59.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Wednesday, September 4th. The real estate investment trust reported $0.21 EPS for the quarter. AG Mortgage Investment Trust had a net margin of 11.03% and a return on equity of 13.88%. The business had revenue of $11.49 million for the quarter. Analysts anticipate that AG Mortgage Investment Trust will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On AG Mortgage Investment Trust

A number of large investors have recently added to or reduced their stakes in MITT. Nuveen LLC bought a new position in shares of AG Mortgage Investment Trust in the first quarter valued at approximately $378,000. Penserra Capital Management LLC bought a new stake in shares of AG Mortgage Investment Trust during the 2nd quarter worth $1,128,000. Ieq Capital LLC acquired a new position in AG Mortgage Investment Trust in the 1st quarter valued at $927,000. Acadian Asset Management LLC raised its holdings in AG Mortgage Investment Trust by 65.7% in the 1st quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust’s stock worth $2,089,000 after acquiring an additional 113,564 shares during the period. Finally, Voya Investment Management LLC raised its holdings in AG Mortgage Investment Trust by 151.6% in the 1st quarter. Voya Investment Management LLC now owns 104,346 shares of the real estate investment trust’s stock worth $762,000 after acquiring an additional 62,873 shares during the period. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

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.