AG Mortgage Investment Trust, Inc. (MITT) To Go Ex-Dividend on December 31st

Posted by ABMN Staff on Dec 29th, 2024

AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Free Report) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, January 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.90%. The ex-dividend date of this dividend is Tuesday, December 31st.

AG Mortgage Investment Trust has a payout ratio of 73.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 $0.76 annual dividend with an expected future payout ratio of 67.3%.

AG Mortgage Investment Trust Price Performance

Shares of AG Mortgage Investment Trust stock opened at $6.97 on Friday. The firm has a 50 day simple moving average of $7.01 and a 200 day simple moving average of $7.13. AG Mortgage Investment Trust has a fifty-two week low of $5.44 and a fifty-two week high of $7.95. The firm has a market cap of $205.68 million, a P/E ratio of 3.06 and a beta of 2.01.

Analyst Ratings Changes

Separately, StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Check Out Our Latest Analysis on AG Mortgage Investment Trust

AG Mortgage Investment Trust Company Profile

(Get Free Report)

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.