Real Estate - REIT - Mortgage - NYSE - US
$ 22.38
-0.312 %
$ 202 M
Market Cap
14.22
P/E
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.[ Read More ]
The intrinsic value of one MITT-PA stock under the base case scenario is HIDDEN Compared to the current market price of 22.4 USD, AG Mortgage Investment Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MITT-PA
FINANCIALS
63.7 M
REVENUE
37.5 M
OPERATING INCOME
53.8 M
NET INCOME
28.1 M
OPERATING CASH FLOW
-434 M
INVESTING CASH FLOW
432 M
FINANCING CASH FLOW
98.8 M
REVENUE
111 M
OPERATING INCOME
16.6 M
NET INCOME
11.3 M
OPERATING CASH FLOW
287 M
INVESTING CASH FLOW
-332 M
FINANCING CASH FLOW
Balance Sheet Decomposition
AG Mortgage Investment Trust, Inc.
| Current Assets | 143 M |
| Cash & Short-Term Investments | 113 M |
| Receivables | 30.6 M |
| Other Current Assets | 0 |
| Non-Current Assets | 227 M |
| Long-Term Investments | 62.8 M |
| PP&E | 0 |
| Other Non-Current Assets | 164 M |
| Current Liabilities | 726 M |
| Accounts Payable | 23.9 M |
| Short-Term Debt | 768 M |
| Other Current Liabilities | -65.4 M |
| Non-Current Liabilities | 4.87 B |
| Long-Term Debt | 5.56 B |
| Other Non-Current Liabilities | -692 M |
EFFICIENCY
Earnings Waterfall
AG Mortgage Investment Trust, Inc.
| Revenue | 63.7 M |
| Cost Of Revenue | 17.5 M |
| Gross Profit | 46.1 M |
| Operating Expenses | 8.63 M |
| Operating Income | 37.5 M |
| Other Expenses | -16.3 M |
| Net Income | 53.8 M |
RATIOS
72.48%
GROSS MARGIN
58.93%
OPERATING MARGIN
84.49%
NET MARGIN
10.18%
ROE
0.88%
ROA
0.55%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
AG Mortgage Investment Trust, Inc.
| Net Income | 53.8 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 380 K |
| Change in Working Capital | 2.18 M |
| Others | -26 M |
| Free Cash Flow | 28.1 M |
Wall Street Analysts Price Targets
AG Mortgage Investment Trust, Inc.
MITT-PA has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.61%
DIVIDEND YIELD
0.516 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
AG Mortgage Investment Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
AG Mortgage Investment Trust, Inc. Announces Preferred Dividends
Payable on June 18, 2018
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced today that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE:MITT-PA). The dividend is payable on June 18, 2018 to holders of record on May 31, 2018. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE:MITT-PB). The dividend is payable on June 18, 2018 to holders of record on May 31, 2018. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit our website at www.agmit.com.
businesswire.com
- 6 years ago
AG Mortgage Investment Trust, Inc. Announces Preferred Dividends
Payable on March 19, 2018
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced today that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE:MITT-PA). The dividend is payable on March 19, 2018 to holders of record on February 28, 2018. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE:MITT-PB). The dividend is payable on March 19, 2018 to holders of record on February 28, 2018. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit our website at www.agmit.com.
businesswire.com
- 6 years ago
AG Mortgage Investment Trust, Inc. Announces Preferred Dividends
Payable on December 18, 2017
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced today that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE: MITT-PA). The dividend is payable on December 18, 2017 to holders of record on November 30, 2017. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE: MITT-PB). The dividend is payable on December 18, 2017 to holders of record on November 30, 2017. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit our website at www.agmit.com.
businesswire.com
- 7 years ago
AG Mortgage Investment Trust, Inc. Announces Preferred Dividends
Payable on September 18, 2017
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced today that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE:MITT-PA). The dividend is payable on September 18, 2017 to holders of record on August 31, 2017. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE:MITT-PB). The dividend is payable on September 18, 2017 to holders of record on August 31, 2017. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit our website at www.agmit.com.
businesswire.com
- 7 years ago
8. Profile Summary
AG Mortgage Investment Trust, Inc. MITT-PA
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 202 M
Dividend Yield
1.61%
Description
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.
Contact
245 Park Avenue, New York, NY, 10167
https://www.agmit.com
IPO Date
Aug. 7, 2012
Employees
None
Officers
Mr. Nicholas Smith
Chief Investment Officer & Director
Mr. Anthony W. Rossiello
Chief Financial Officer, Treasurer & Principal Accounting Officer
Ms. Jenny B. Neslin
General Counsel & Secretary
Mr. Thomas J. Durkin
President, Chief Executive Officer & Executive Director
Ms. Emily Boldt
Controller
Karen Werbel
Investor Relations
Mr. Andrew Parks
Chief Risk Officer