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AG Mortgage Investment Trust, Inc. Announces First Quarter 2024 Common Dividend of $0.18 per Share
Business Wire (Fri, 15-Mar 4:15 PM ET)
AG Mortgage Investment Trust, Inc. Reports Full Year and Fourth Quarter 2023 Results
Business Wire (Thu, 22-Feb 6:30 AM ET)
Business Wire (Thu, 15-Feb 4:15 PM ET)
AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2023 Distributions
Business Wire (Wed, 31-Jan 4:36 PM ET)
AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. Its objective is to provide attractive risk-adjusted returns to its stockholders over the long-term through dividends and capital appreciation. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government sponsored enterprise.
Ag Mortgage It trades on the NYSE stock market under the symbol MITT.
As of April 24, 2024, MITT stock price declined to $5.62 with 92,521 million shares trading.
MITT has a beta of 1.42, meaning it tends to be more sensitive to market movements. MITT has a correlation of 0.42 to the broad based SPY ETF.
MITT has a market cap of $165.42 million. This is considered a Micro Cap stock.
Last quarter Ag Mortgage It reported $13 million in Revenue and $.17 earnings per share. This beat revenue expectation by $76,000 and exceeded earnings estimates by $.02.
In the last 3 years, MITT stock traded as high as $14.85 and as low as $3.52.
The top ETF exchange traded funds that MITT belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, DVDN.
MITT has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +24.2%. MITT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.8% and -6.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
MITT support price is $5.58 and resistance is $5.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MITT stock will trade within this expected range on the day.