Last $17.55 USD
Change Today -0.08 / -0.45%
Volume 87.4K
MITT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:31 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ag mortgage investment trust (MITT) Snapshot

Open
$17.60
Previous Close
$17.63
Day High
$17.66
Day Low
$17.52
52 Week High
05/1/13 - $25.89
52 Week Low
12/19/13 - $15.10
Market Cap
498.1M
Average Volume 10 Days
198.9K
EPS TTM
$-1.35
Shares Outstanding
28.4M
EX-Date
03/14/14
P/E TM
--
Dividend
$2.40
Dividend Yield
14.82%
Current Stock Chart for AG MORTGAGE INVESTMENT TRUST (MITT)

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ag mortgage investment trust (MITT) Details

AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing, acquiring, and managing a portfolio of residential mortgage assets, and other real estate-related securities and financial assets. The company invests in residential mortgage-backed securities (RMBS), for which a U.S. government agency guarantees payments of principal and interest on the securities; and fixed- and floating-rate residential non-agency RMBS that are not issued by a U.S. government agency or a U.S. government-sponsored entity. It also invests in other real estate-related securities and financial assets, such as fixed- and floating-rate commercial mortgage-backed securities; residential mortgage loans secured by residential real property, including prime, Alt-A, and subprime mortgage loans; and commercial mortgage loans secured by commercial real property comprising mezzanine loans and preferred equity. In addition, the company’s other real estate-related securities and financial assets investments comprise first or second lien loans, subordinate interests in first mortgages, mezzanine financing secured by interests in commercial real estate, and bridge loans to be used in the acquisition, construction, or redevelopment of a property; other real estate structured finance products, mortgage servicing rights, other real estate-related loans and securities, and other financial assets; and investment grade and non-investment grade debt and equity tranches of securitizations backed by various asset classes, such as small balance commercial mortgages, aircraft, automobiles, credit cards, equipment, manufactured housing, franchises, recreational vehicles, and student loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.

ag mortgage investment trust (MITT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $648.9K
Chief Risk Officer
Total Annual Compensation: $279.1K
General Counsel and Secretary
Total Annual Compensation: $329.3K
Compensation as of Fiscal Year 2013.

ag mortgage investment trust (MITT) Key Developments

AG Mortgage Investment Trust, Inc. Declares Dividend on Common Share for the First Quarter of 2014, Payable on April 28, 2014

AG Mortgage Investment Trust, Inc. announced that its Board of Directors has declared a dividend of $0.60 per common share for the first quarter of 2014. The dividend is payable on April 28, 2014 to shareholders of record at the close of business on March 18, 2014, with an ex-dividend date of March 14, 2014.

AG Mortgage Investment Trust, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

AG Mortgage Investment Trust, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net interest income of $31,033,245 against $29,707,537 a year ago. Income before income taxes and equity in earnings from affiliate was $16,796,191 against $17,847,322 a year ago. Net income available to common stock holders was $13,517,971 or $0.48 per diluted share against $14,500,412 or $0.62 per diluted share a year ago. Core earnings were $19,068,601 or $0.67 per diluted share against $19,808,491 or $0.85 per diluted share a year ago. For the full year, the company reported net interest income of $125,447,400 against $81,366,240 a year ago. Loss before income taxes and equity in earnings from affiliate was $30,800,842 against income before income taxes and equity in earnings from affiliate of $134,935,917 a year ago. Net loss available to common stock holders was $45,048,052 or $1.61 per diluted share against net income available to common stock holders $130,798,907 or $7.18 per diluted share a year ago. Core earnings were $75,559,787 or $2.70 per diluted share against $63,426,933 or $3.48 per diluted share a year ago. Book value, per share as at December 31, 2013 was $19.14.

AG Mortgage Investment Trust, Inc. Announces Preferred Stock Dividends, Payable on March 17, 2014

AG Mortgage Investment Trust, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its Series A 8.25% Cumulative Redeemable Preferred Stock. The dividend is payable on March 17, 2014 to holders of record on February 28, 2014. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its Series B 8.00% Cumulative Redeemable Preferred Stock. The dividend is payable on March 17, 2014 to holders of record on February 28, 2014.

 

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Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 371.8x
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