MITT

AG Mortgage Investment Trust, Inc. [MITT] Stock Forecast

Q: What is AG Mortgage Investment Trust, Inc. stock symbol ?

AG Mortgage Investment Trust, Inc. is a US stock, located in New york of Ny and trading under the symbol MITT

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MITT Stock Summary

Earnings are expected to rise 25358.72% next year

The Moving Average Convergence Divergence (MACD) for MITT recently turned positive (within last 10 days).

MITT has more than 5 years of cash runway (71 months)

An RSI reading of 70 or higher indicates an overbought or overvalued condition.

Has a high level of debt. Debt-to-Equity ratio of 9.76 is considered high.

EPS has been decreasing for the past 3 quarters (Quarter statements)

MITT's dividend payments have fallen since the beginning of the year

MITT's dividend payments are not well covered by cash flows due to its high cash payout ratio (178.37%).

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In the News

09:00 11 Dec 2023 MITT

A November To Remember

U.S. equity markets continued their November rally into the Thanksgiving week, while benchmark interest rates held steady around two-month lows as investors weighed easing geopolitical tensions alongside mixed economic data. Gaining for a fourth straight week since dipping into "correction territory" at the end of October, the S&P 500 gained another 1.0% this week, while the tech-heavy Nasdaq 100 advanced 0.9%. Following a nearly 5% surge in the prior week, real estate equities also finished modestly higher this week. The Equity REIT Index advanced another 0.8%, but Mortgage REITs slipped 0.2%.

07:40 11 Dec 2023 MITT

Readers Post 31 October Dividend Buy Candidates

Prior to September 30, 2023, my Readers mentioned 36 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MVRL, FSK, T, RC, MO, BRSP, AHOTF, AB, WBA, and MITT averaged 56.52% net gains from reader data collected 11/15/23. Ten analyst-target-augured October TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: ABR, MMM, RC, O, BRSP, MO, T, AB, WBA, & MITT boasting a 47.19% average target price upside estimate.

08:47 11 Dec 2023 MITT

AG Mortgage Investment Trust, Inc. (MITT) Q3 2023 Earnings Call Transcript

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Trevor Cranston - JMP Securities Bose George - KBW Matthew Erdner - JonesTrading Operator Good day and thank you for standing by.

04:33 11 Dec 2023 MITT

AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release third quarter 2023 financial results after market close on Tuesday, November 7, 2023. The Company will host a conference call to discuss the results on Tuesday, November 7, 2023, at 5:00 p.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789.

05:45 11 Dec 2023 MITT

Big Dividend Yields Going Higher, Dumb Debt, And Snark

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

04:04 11 Dec 2023 MITT

Readers Post 32 August Dividend Buy Candidates

Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

10:05 11 Dec 2023 MITT

AG Mortgage Investment: Income Name On Sale

AG Mortgage Investment Trust stock has been in rally mode recently while other mREITs have struggled. AG Mortgage Investment Trust has reported positive income metrics and covered its dividend, indicating stability. The stock is trading at a massive discount, balancing the risk-reward here.

11:47 11 Dec 2023 MITT

Readers Post 20 July Dividend Buys

Prior to July 31, my readers mentioned 39 equities in their comments on my articles. Some bad news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MO, ACRE, PFE, O, KHC, MDV, VFC, BRSP, BTI, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured July top-price upside reader faves and rogues (ReFa/Ro) were: MDV, BIIB, KHC, PARA, VFC, DIS, BRSP, BTI and MITT boasting a 47.71% average target price upside estimate.

01:31 11 Dec 2023 MITT

My 3 Top High Dividend Yield Picks (8-11% Yields)

High-yield investments come with a certain degree of controversy. You're either getting a high yield because of high risk, or because of certain biases from the investment community. Here are 3 top high-yield investment ideas.

07:24 11 Dec 2023 MITT

Angelo Gordon-backed REIT in $300 mln bid for Western Asset Mortgage

AG Mortgage Investment Trust Inc , a real estate investment trust (REIT) managed by Angelo Gordon & Co, made a stock-and-cash offer on Thursday for Western Asset Mortgage Capital Corp , a peer managed by Franklin Resources Inc , that values it at about $300 million, including debt.

MITT Financial details

Company Rating

Buy

Market Cap

169.25M

Income

-14.03M

Revenue

68.44M

Book val./share

22.28

Cash/share

5.87

Dividend

0.85

Dividend %

14.78%

Employees

Optionable

Shortable

Yes

Earnings

21 Feb 2024

P/E

-8.29

Forward P/E

8.85

PEG

0.69

P/S

2.47

P/B

0.26

P/C

0.98

P/FCF

8.33

Quick Ratio

Current Ratio

Debt / Equity

9.76

LT Debt / Equity

9.76

EPS (TTM)

-1.05

EPS next Y

0.65

EPS next Q

0.1

EPS this Y

-233.65%

EPS next Y

-161.9%

EPS next 5Y

-142.86%

EPS last 5Y

NAN%

Revenue last 5Y

-58.01%

Revenue Q/Q

-18.69%

EPS Q/Q

-164.71%

SMA20

6.01%

SMA50

-4.54%

SMA100

-15.06%

Inst Own

12.28%

Inst Trans

0.49%

ROA

ROE

-3%

ROC

0.02%

Gross Margin

-10%

Oper. Margin

150%

Profit Margin

-20%

Payout

-218%

Shs Outstand

29.44M

Shs Float

26.29M

Target Price

52W Range

4.82-7.05

52W High

-17.86%

52W Low

+43.75%

RSI

70.17

Rel Volume

2.51

Avg Volume

104.8K

Volume

263.15K

Perf Week

7.48%

Perf Month

16.16%

Perf Quarter

-6.5%

Perf Half Y

-3.52%

Beta

1.926

Volatility

0.17%, 0.19%

Prev Close

0.35%

Price

5.75

Change

3.23%

MITT Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	1.76	11.09	-33.28	6.15	0.01
Net income per share	0.17	8.66	-35.88	6.42	-7.07
Operating cash flow per share	8.25	6.08	0.35	1.62	0.98
Free cash flow per share	5.59	6.08	0.35	1.62	0.98
Cash per share	3.34	7.61	4.09	4.19	6.8
Book value per share	69.32	79.12	34.93	35.13	20.22
Tangible book value per share	66.5	77.47	34.66	36.08	20.22
Share holders equity per share	69.32	79.12	34.93	35.13	20.22
Interest debt per share	307	341.03	38.81	172.74	174.86
Market cap	452.28M	496.4M	103.81M	166.4M	121.55M
Enterprise value	3.25B	3.87B	474.18M	2.88B	3.92B
P/E ratio	288.45	5.34	-0.25	1.6	-0.75
Price to sales ratio	27.09	4.17	-0.27	1.67	557.55
POCF ratio	5.8	7.61	24.98	6.33	5.4
PFCF ratio	8.55	7.61	24.98	6.33	5.4
P/B Ratio	0.69	0.58	0.25	0.29	0.26
PTB ratio	0.69	0.58	0.25	0.29	0.26
EV to sales	194.88	32.53	-1.21	28.81	17.98K
Enterprise value over EBITDA	42.84	41.67	-1.13	27.6	74.06
EV to operating cash flow	41.7	59.36	114.09	109.33	174.09
EV to free cash flow	61.55	59.36	114.09	109.33	174.09
Earnings yield	0	0.19	-4.05	0.63	-1.33
Free cash flow yield	0.12	0.13	0.04	0.16	0.19
Debt to equity	4.32	4.2	1.02	4.87	8.39
Debt to assets	0.8	0.82	0.3	0.83	0.89
Net debt to EBITDA	36.88	36.33	-0.88	26	71.76
Current ratio	2.83	0.78	0.44	0	11.03
Interest coverage	1.02	1.03	-11.39	3.82	0.4
Income quality	49.77	0.67	-0.01	0.25	-0.42
Dividend Yield	0.15	0.16	0.34	0.18	0.31
Payout ratio	43.83	0.83	-0.08	0.28	-0.23
Sales general and administrative to revenue	0.59	0.09	-0.02	0.07	37.14
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.01	0	0	0	0
Capex to operating cash flow	-0.32	0	0	0	0
Capex to revenue	-1.51	0	0	0	0
Capex to depreciation	-10.77	0	0	0	0
Stock based compensation to revenue	0.04	0.01	0	0	1.5
Graham number	16.07	124.16	167.93	71.23	56.7
ROIC	0	0.02	-0.51	0.04	0.04
Return on tangible assets	0	0.02	-0.3	0.03	-0.04
Graham Net	-300.37	-317.38	-80.09	-166.12	-163.18
Working capital	36.48M	-26.61M	-64.6M	84.23M	141.56M
Tangible asset value	629.36M	831.27M	406.55M	585.77M	462.8M
Net current asset value	-2.84B	-3.4B	-938.55M	-2.69B	-3.75B
Invested capital	4.32	4.2	1.02	4.87	8.39
Average receivables	19.14M	20.04M	9.56M	10.01M	18.77M
Average payables	13.79M	15.99M	32.65M	26.63M	7.06M
Average inventory	0	0	0	0	0
Days sales outstanding	542.67	46.75	-3.62	59.07	35.82K
Days payables outstanding	487.47	235.94	1.34K	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.67	7.81	-100.89	6.18	0.01
Payables turnover	0.75	1.55	0.27	0	0
Inventory turnover	0	0	0	0	0
ROE	0	0.11	-1.03	0.18	-0.35
Capex per share	-2.66	0	0	0	0

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	0.46	0.92	1.02	0.73	0.6
Net income per share	-0.13	-1.49	0.6	0.4	-0.11
Operating cash flow per share	0.17	0.26	0.31	0.42	-0.02
Free cash flow per share	0.17	0.26	0.31	0.42	-0.02
Cash per share	3.47	7.13	4.17	3.97	5.87
Book value per share	20.73	21.21	21.93	22.75	22.28
Tangible book value per share	20.73	21.21	21.93	24.13	23.95
Share holders equity per share	20.73	21.21	21.93	22.75	22.28
Interest debt per share	178.42	180.01	198.48	206.36	220.1
Market cap	92.04M	115.89M	121.13M	123.92M	112.22M
Enterprise value	3.98B	3.91B	4.17B	4.17B	4.39B
P/E ratio	-8.02	-0.89	2.41	3.85	-12.96
Price to sales ratio	9	5.79	5.65	8.33	9.27
POCF ratio	23.55	20.28	18.55	14.47	-229.01
PFCF ratio	23.55	20.28	18.55	14.47	-229.01
P/B Ratio	0.2	0.25	0.26	0.27	0.25
PTB ratio	0.2	0.25	0.26	0.27	0.25
EV to sales	388.63	195.7	194.31	280.4	362.91
Enterprise value over EBITDA	124.89	89.51	70.98	517.96	-2.03K
EV to operating cash flow	1.02K	685.12	638.42	487.24	-8.96K
EV to free cash flow	1.02K	685.12	638.42	487.24	-8.96K
Earnings yield	-0.03	-0.28	0.1	0.07	-0.02
Free cash flow yield	0.04	0.05	0.05	0.07	0
Debt to equity	8.53	8.39	8.95	8.96	9.76
Debt to assets	0.89	0.89	0.89	0.89	0.9
Net debt to EBITDA	122	86.86	68.91	502.58	-1.98K
Current ratio	8.67	11.03	5.91	4.92	0
Interest coverage	0.96	0.85	1.27	0.16	-0.04
Income quality	-1.36	0.49	0.52	1.06	4.5
Dividend Yield	0.1	0.08	0.07	0.07	0.04
Payout ratio	-3.24	-0.28	0.67	1.03	-2.12
Sales general and administrative to revenue	0.2	0.11	0.1	0.14	0.17
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	0	0	0	0	0
Capex to revenue	0	0	0	0	0
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0.01	0	0	0.01	0
Graham number	7.73	26.64	17.14	14.27	7.33
ROIC	0.02	-0.02	0.01	0	0
Return on tangible assets	0	-0.01	0	0	0
Graham Net	-173.87	-171.15	-192.57	-199.12	-211.62
Working capital	87.83M	141.56M	73.02M	63.97M	118.74M
Tangible asset value	464.3M	462.8M	461.91M	488.52M	484.33M
Net current asset value	-3.89B	-3.75B	-4.07B	-4.05B	-4.28B
Invested capital	8.53	8.39	8.95	8.96	9.76
Average receivables	19.53M	21.52M	20.97M	21.42M	11.15M
Average payables	10.03M	12.79M	14.49M	15.6M	8.17M
Average inventory	0	0	0	0	0
Days sales outstanding	190.42	96.25	86.17	134.85	0
Days payables outstanding	252.5	20.7	135.96	417.47	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.47	0.94	1.04	0.67	0
Payables turnover	0.36	4.35	0.66	0.22	0
Inventory turnover	0	0	0	0	0
ROE	-0.01	-0.07	0.03	0.02	0
Capex per share	0	0	0	0	0

MITT Dividend History

MITT Frequently Asked Questions

What is AG Mortgage Investment Trust, Inc. stock symbol ?

AG Mortgage Investment Trust, Inc. is a US stock , located in New york of Ny and trading under the symbol MITT

Is AG Mortgage Investment Trust, Inc. buy or a sell ?

1 stock analysts have 1 predictions with a medium analyst target price of $8. The lowest prediction is $8 and the highest is $8

What is MITT stock prediction ?

What is AG Mortgage Investment Trust, Inc. stock quote today ?

AG Mortgage Investment Trust, Inc. stock price is $5.75 today.

Is AG Mortgage Investment Trust, Inc. stock public?

Yes, AG Mortgage Investment Trust, Inc. is a publicly traded company.

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Company Profile

Volume Average 104.8K
Market Capitalization 169.25M
CEO Mr. Thomas J. Durkin
Headquarters New York,NY,US
IPO Date 2011-06-30
Website https://www.agmit.com

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments. 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.