AG Mortgage Investment Trust Inc (NYSE:MITT) announced a quarterly dividend on Friday, June 14th, NASDAQ reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.50 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.00 annualized dividend and a dividend yield of 12.35%. The ex-dividend date of this dividend is Thursday, June 27th.
AG Mortgage Investment Trust has decreased its dividend payment by an average of 6.7% annually over the last three years. AG Mortgage Investment Trust has a payout ratio of 110.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of MITT traded up $0.05 during mid-day trading on Tuesday, hitting $16.20. The company’s stock had a trading volume of 5,595 shares, compared to its average volume of 183,942. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $16.07. The stock has a market capitalization of $528.92 million, a price-to-earnings ratio of 7.83 and a beta of 0.94. AG Mortgage Investment Trust has a 1-year low of $15.25 and a 1-year high of $19.60.
AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The business had revenue of $18.15 million during the quarter. AG Mortgage Investment Trust had a net margin of 14.17% and a return on equity of 12.28%.
In other AG Mortgage Investment Trust news, CEO David N. Roberts purchased 50,000 shares of AG Mortgage Investment Trust stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $16.53 per share, with a total value of $826,500.00. Following the acquisition, the chief executive officer now directly owns 298,882 shares of the company’s stock, valued at $4,940,519.46. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by company insiders.
About AG Mortgage Investment Trust
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.
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