Real Estate - REIT - Mortgage - NYSE - US
$ 6.77
-0.147 %
$ 200 M
Market Cap
2.84
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 stock under the base case scenario is HIDDEN Compared to the current market price of 6.77 USD, AG Mortgage Investment Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MITT
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.
Wall Street analysts predict an average 1-year price target for MITT of $8 , with forecasts ranging from a low of $7.5 to a high of $8.5 .
MITT Lowest Price Target
Wall Street Target
7.5 USD
10.78%
MITT Average Price Target
Wall Street Target
8 USD
18.17%
MITT Highest Price Target
Wall Street Target
8.5 USD
25.55%
4. DIVIDEND ANALYSIS
1.61%
DIVIDEND YIELD
0.19 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
330 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
8 months ago
Feb 28, 2024
|
Bought 24.1 K USD
|
Quateman Lisa G
Director |
+ 4000
|
6.0299 USD |
|
8 months ago
Feb 23, 2024
|
Bought 306 K USD
|
Durkin Thomas
CEO and President |
+ 50000
|
6.1231 USD |
|
2 years ago
Aug 05, 2022
|
Bought 59.3 K USD
|
Jozoff Matthew
director: |
+ 8000
|
7.4127 USD |
|
2 years ago
May 10, 2022
|
Bought 222 K USD
|
Jozoff Matthew
director: |
+ 30000
|
7.4157 USD |
|
2 years ago
Nov 29, 2021
|
Bought 51.8 K USD
|
LaManna Joseph
Director |
+ 5000
|
10.35 USD |
|
2 years ago
Nov 29, 2021
|
Bought 51 K USD
|
LaManna Joseph
Director |
+ 5000
|
10.2 USD |
|
2 years ago
Nov 22, 2021
|
Bought 2.05 M USD
|
ROBERTS DAVID N
Chairman and CEO |
+ 200000
|
10.25 USD |
|
3 years ago
May 12, 2021
|
Bought 37.1 K USD
|
LaManna Joseph
Director |
+ 10000
|
3.71 USD |
|
3 years ago
May 12, 2021
|
Bought 37.5 K USD
|
LaManna Joseph
Director |
+ 10000
|
3.75 USD |
|
4 years ago
Mar 12, 2020
|
Bought 108 K USD
|
Durkin Thomas
Chief Investment Officer |
+ 10000
|
10.84 USD |
|
4 years ago
Mar 12, 2020
|
Bought 534 K USD
|
ROBERTS DAVID N
CEO and President |
+ 50000
|
10.68 USD |
|
5 years ago
May 09, 2019
|
Bought 826 K USD
|
ROBERTS DAVID N
CEO and President |
+ 50000
|
16.53 USD |
|
5 years ago
Feb 11, 2019
|
Bought 85.2 K USD
|
Sigman Brian C.
CFO and Treasurer |
+ 5000
|
17.05 USD |
|
5 years ago
Feb 11, 2019
|
Bought 852 K USD
|
ROBERTS DAVID N
CEO and President |
+ 50000
|
17.05 USD |
|
5 years ago
Feb 11, 2019
|
Bought 170 K USD
|
Durkin Thomas
Chief Investment Officer |
+ 10000
|
17.05 USD |
|
6 years ago
Mar 05, 2018
|
Bought 123 K USD
|
Sigman Brian C.
CFO and Treasurer |
+ 7200
|
17.09 USD |
|
7 years ago
Mar 06, 2017
|
Bought 101 K USD
|
Sigman Brian C.
CFO and Treasurer |
+ 5700
|
17.69 USD |
|
8 years ago
Mar 02, 2016
|
Bought 74.9 K USD
|
Sigman Brian C.
CFO and Treasurer |
+ 6100
|
12.28 USD |
|
9 years ago
Mar 17, 2015
|
Bought 141 K USD
|
Sigman Brian C.
CFO and Treasurer |
+ 7500
|
18.8 USD |
|
10 years ago
May 13, 2014
|
Bought 91.8 K USD
|
Sigman Brian Chad
Chief Financial Officer |
+ 5000
|
18.37 USD |
|
10 years ago
May 12, 2014
|
Bought 38.6 K USD
|
Sigman Brian Chad
Chief Financial Officer |
+ 2100
|
18.36 USD |
|
10 years ago
May 09, 2014
|
Bought 52.7 K USD
|
Sigman Brian Chad
Chief Financial Officer |
+ 2900
|
18.18 USD |
|
10 years ago
Mar 06, 2014
|
Bought 0 USD
|
Lieberman Jonathan
Chief Investment Officer |
+ 33059
|
0 USD |
|
11 years ago
Nov 13, 2013
|
Bought 466 K USD
|
ROBERTS DAVID N
Chief Executive Officer |
+ 30000
|
15.52 USD |
|
11 years ago
Nov 12, 2013
|
Bought 664 K USD
|
ROBERTS DAVID N
Chief Executive Officer |
+ 42697
|
15.54 USD |
|
11 years ago
Nov 08, 2013
|
Sell 15.8 K USD
|
VOSS JAMES M
Director |
- 1000
|
15.84 USD |
|
11 years ago
Aug 19, 2013
|
Bought 82.2 K USD
|
ROBERTS DAVID N
Chief Executive Officer |
+ 4900
|
16.78 USD |
|
11 years ago
Aug 19, 2013
|
Bought 721 K USD
|
ROBERTS DAVID N
Chief Executive Officer |
+ 44619
|
16.17 USD |
|
11 years ago
Mar 08, 2013
|
Sell 20.5 K USD
|
LINNEMAN PETER
Director |
- 783
|
26.21 USD |
|
12 years ago
Nov 19, 2012
|
Bought 46.2 K USD
|
Lieberman Jonathan
Chief Investment Officer |
+ 2000
|
23.1115 USD |
|
12 years ago
Nov 19, 2012
|
Bought 44.2 K USD
|
Krinsman Allan N
General Counsel |
+ 1900
|
23.24 USD |
|
12 years ago
Nov 16, 2012
|
Bought 4.92 K USD
|
Lieberman Jonathan
Chief Investment Officer |
+ 200
|
24.6088 USD |
|
12 years ago
Aug 21, 2012
|
Sell 10.3 K USD
|
VOSS JAMES M
Director |
- 441
|
23.27 USD |
|
12 years ago
Aug 13, 2012
|
Bought 69.8 K USD
|
BERGER ANDREW L
Director |
+ 3000
|
23.25 USD |
|
12 years ago
Mar 15, 2012
|
Bought 19.8 K USD
|
Stadelmaier Frank
Chief Financial Officer |
+ 1000
|
19.85 USD |
|
12 years ago
Mar 05, 2012
|
Bought 37.9 K USD
|
VOSS JAMES M
Director |
+ 1910
|
19.85 USD |
|
12 years ago
Mar 05, 2012
|
Bought 1.79 K USD
|
VOSS JAMES M
Director |
+ 90
|
19.84 USD |
7. News
AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Bose George - KBW Brad Capuzzi - Piper Sandler Doug Harter - UBS Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Eric Hagen - BTIG Operator Good day, and thank you for standing by.
seekingalpha.com
- 1 week ago
AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly
AG Mortgage Investment Trust, Inc. reported $0.40 net income per share, but earnings available for distribution ($0.17) did not fully cover the $0.19 dividend. Despite volatile interest rates, MITT delivered a strong quarter with a 3.9% economic return on equity and a net interest rate spread of 0.6%. The stock trades at a significant discount-to-book value, presenting a potential investment opportunity with a price target of $8.
seekingalpha.com
- 1 week ago
AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates
AG Mortgage Investment Trust (MITT) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.10 per share a year ago.
zacks.com
- 1 week ago
AG Mortgage Investment Trust, Inc. Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2024. MANAGEMENT REMARKS “MITT delivered yet another strong quarter as we continue to execute the core business strategy of originating and securitizing residential whole loans, with MITT generating an economic return on equity of 3.9% for the quarter,” said T.J. Durkin, Chief Executive Officer and President. “Wit.
businesswire.com
- 1 week ago
AG Mortgage Investment Trust (MITT) to Report Q3 Results: Wall Street Expects Earnings Growth
AG Mortgage Investment Trust (MITT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 2 weeks ago
AG Mortgage Investment Trust, Inc. (MITT) Q2 2024 Earnings Call Transcript
AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Trevor Cranston - Citizens JMP Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Operator Good day and thank you for standing by.
seekingalpha.com
- 3 months ago
Mortgage REITs Surging
After a terrible start to the year, mortgage REITs are hot in July. Don't tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that. Quick commentary on MAIN.
seekingalpha.com
- 3 months ago
AG Mortgage: Double-Digit Yield From Fixed-Rate Preferred Shares With Reasonable Risk
AG Mortgage Investment Trust is a mREIT with a focus on non-agency mortgage loans. The preferred dividends have been well covered by net income both in Q1 2024 and over the past year. Coverage by market capitalization is less robust if you take preferred shares at par value, but sufficient if you account for the discount the three preferred issues trade at.
seekingalpha.com
- 4 months ago
AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029
AG Mortgage Investment Trust issued two 9.500% Senior Notes due in 2029 with Call protection into 2026. After a brief review of the Issuer, both bonds are reviewed and compared. The low coverage ratio is a concern, at least to my conservative investing nature. Both Notes get a Hold rating. For investors willing to accept more risk, MITT also has three preferred stocks to pick from, two yielding over 10%.
seekingalpha.com
- 4 months ago
Preferreds Weekly Review: Lots Of Moving Parts In CIM
We take a look at the action in preferreds and baby bonds through the first week of June and highlight some of the key themes we are watching. Most preferred sectors rallied alongside Treasuries, with sector yields just under 7% on a yield-to-worst basis. Mortgage REIT Chimera issued a new bond, now trading at an 8.7% yield-to-worst. We discuss it in the context of its preferreds.
seekingalpha.com
- 5 months ago
AG Mortgage Investment Trust, Inc. Increases Quarterly Common Dividend 5.6% to $0.19 per Share
NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors has declared a dividend of $0.19 per common share for the second quarter 2024, representing a 5.6% increase over the prior quarter dividend of $0.18 per common share. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. “We believe in steadily increasing our dividend to align with our long-term earnings gr.
businesswire.com
- 5 months ago
New Preferred Stock And Exchange Traded Debt IPOs, May 2024
M&T Bank, Citizens Financial Group, AG Mortgage Investment Trust, Chimera Investment Corporation, and Southern California Edison priced new offerings of preferred stock and senior notes. The new shares and notes were rated by various credit rating agencies and traded temporarily on the OTC before moving to permanent symbols on the NYSE. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC, potentially avoiding capital losses if prices drop.
seekingalpha.com
- 5 months ago
8. Profile Summary
AG Mortgage Investment Trust, Inc. MITT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 200 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
June 30, 2011
Employees
0
Officers
Mr. Thomas J. Durkin
President, Chief Executive Officer & Executive Director
Mr. Nicholas Smith
Chief Investment Officer & Director
Ms. Emily Boldt
Controller
Mr. Anthony W. Rossiello
Chief Financial Officer, Treasurer & Principal Accounting Officer
Ms. Jenny B. Neslin
General Counsel & Secretary
Karen Werbel
Investor Relations
Mr. Andrew Parks
Chief Risk Officer