AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The firm conducts its business through the following segments: Securities and Loans and Single-Family Rental Properties. Its portfolios include Agency RMBS, Residential Investments, Commercial Investments, and ABS. The company was founded on March 1, 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MITT shows resilience in challenging market, eyes strategic opportunities

MITT navigated challenging market conditions with a disciplined approach and strong financial position.
The company demonstrated resilience through the recovery in book value and securitization activities.
Management highlighted long-term earnings focus, potential strategic opportunities, and strong liquidity levels.
Analysts' inquiries on liquidity, leverage, and capital deployment underscored areas of focus for MITT.

AG Mortgage Investment Trust (MITT) reports growth and resilience in Q1 2023

AG Mortgage Investment Trust (MITT) demonstrated solid financial performance and strategic decision-making in Q1 2023.
The company's focus on increasing book value, share repurchases, and market opportunities positions it for growth.
While challenges like financing conditions persist, MITT's proactive approach and strong fundamentals offer resilience and growth potential.

MITT reports solid Q2 performance amidst market challenges and opportunities

MITT's Q2 performance showcased resilience and strategic initiatives amidst market challenges.
Strong demand for residential whole loan exposure and focus on optimizing the loan portfolio were key highlights.
While facing challenges, MITT's financial strength and stability position it well for future opportunities.
Strategic actions to manage risks and capitalize on growth avenues underscore MITT's proactive approach.

AG Mortgage Investment Trust reports resilient Q3 performance and growth opportunities

AG Mortgage Investment Trust's Q3 performance reflects resilience and strategic advancements.
The company's strengths in book value stability and prudent underwriting enhance investor confidence.
Challenges such as managing loan profiles and merger expenses require careful navigation.
Opportunities in new investments, dividend growth, and strategic mergers pave the way for future success.

MITT excels post-WMC acquisition, eyes housing sector for growth

AG Mortgage Investment Trust (MITT) delivered a solid performance in Q4 2023, driven by the successful WMC acquisition, resulting in improved financial metrics and increased market cap. While facing challenges in integration and optimization, MITT remains well-positioned to leverage opportunities in the housing sector and enhance profitability through strategic initiatives.

AG Mortgage Investment Trust (MITT) excels in Q1 post-merger performance

AG Mortgage Investment Trust (MITT) delivered a robust Q1 performance post-merger, showcasing strengths in financial metrics and portfolio management. While facing challenges in EAD sustainability and market dynamics, MITT is poised to capitalize on opportunities through strategic growth initiatives and capital optimization.

MITT reports strong Q2 earnings, plans to rotate out Agency RMBS

MITT's Q2 earnings call highlighted strong financial performance, strategic initiatives to manage risk, and opportunities for growth. Management plans to rotate out of Agency RMBS post-convertible note maturity and focus on securitization opportunities. Analysts raised concerns about book value risk and prepayment speeds, indicating potential challenges ahead.

MITT reports robust Q3 results, eyes home equity opportunities

MITT's Q3 performance reflects financial strength and stability, marked by growth in book value, earnings, and liquidity.
Strategic investments in securitizations, home equity loans, and Arc Home profitability position MITT for sustained growth.
Challenges in prepayment impacts and market dynamics require careful navigation, while opportunities in capital deployment and revenue diversification are key focus areas.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Ares Commercial Real Estate

AGNC Investment

Ares Capital

ARMOUR Residential REIT

Blackstone Mortgage Trust

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Granite Point Mortgage Trust

Main Street Capital

MFA Financial

Annaly Capital

New York Mortgage Trust

Orchid Island Capital

PennyMac Mortgage Investment

Ready Capital Corp

Rithm Capital Corp

Two Harbors Investment

We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the first quarter 2024. The dividend is payable on April 30, 2024 to shareholders of record at the close of business on March 29, 2024. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of res.

AG Mortgage Investment Trust, Inc. Announces First Quarter 2024 Common Dividend of $0.18 per Share

Hovnanian Enterprises

Hovnanian Enterprises, Inc. Pfd Shs Series A

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

WhiteHorse Finance

Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential between bonds and preferreds may be too low. We highlight recent issuances from HOV and MITT.

Preferreds Weekly Review: Yield Differential Between Bonds And Preferreds Often Too Tight

AG Mortgage Investment Trust Inc. (MITT) Q4 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the full year and quarter ended December 31, 2023. FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL HIGHLIGHTS Full Year 2023: $10.46 Book Value per share as of December 31, 2023 compared to $11.39 as of December 31, 2022(1) $10.20 Adjusted Book Value per share as of December 31, 2023 compared to $11.03 as of December 31, 2022(1) Decrease of approxim.

AG Mortgage Investment Trust, Inc. Reports Full Year and Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release fourth quarter 2023 financial results prior to market open on Thursday, February 22, 2024. The Company will host a conference call to discuss the results on Thursday, February 22, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 445-7795 at least five minutes prior to the start time. International callers should dial (785) 424.

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

MITT is a residential mortgage real estate investment trust with a focus on investing in residential mortgage-related assets. The financials of MITT are not strong, which could be a concern. This article briefly reviews the Issuer and then in more detail the three preferred stocks MITT offers to investors. Preferreds A & B get a Hold rating. The C has an attractive YTC and if not Called, the potential for a 12% coupon when it floats later in 2024.

AG Mortgage Investment Trust Preferred Stock Update: 2 Rated Hold, 1 Rated Buy

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today the tax treatment of common and preferred stock distributions paid to stockholders. This information is provided to assist stockholders with tax reporting requirements related to distributions of taxable income by the Company. Stockholders should review the 2023 tax statements and/or Form 1099-DIV received from their brokerage firms or other institutions to ensure those statements agree wi.

AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2023 Distributions

Cherry Hill Mortgage

Ellington Residential Mortgage REIT

Invesco Mortgage Capital

High yield investors are focused on maintaining income. Many don't understand the scenario that would best support their income. We'll walk through the scenario for one popular kind of high yield investment.

Sweet Fantasy For High Dividend Yield Buyers

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.05 per common share. The dividend is payable on January 31, 2024 to shareholders of record at the close of business on December 29, 2023. The $0.05 per common share dividend represents the remaining portion of the Company's regular fourth quarter 2023 dividend of $0.18 per common share. As previously announced, the Company declared interi.

AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2023 Common Dividend

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced today that it has completed the previously announced acquisition of Western Asset Mortgage Capital Corporation (“WMC”) via merger with a wholly owned subsidiary of MITT. December 5, 2023 was the last day on which WMC's common stock was publicly traded and prior to the opening of trading on December 6, 2023, its common stock will be suspended from trading on the NYSE. “The completion of the WMC acquisit.

AG Mortgage Investment Trust, Inc. Completes Acquisition of Western Asset Mortgage Capital Corporation

Western Asset Mortgage Capital

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (“MITT”) (NYSE: MITT) at a special meeting of stockholders of WMC held today. Approximately 55% of the issued and outstanding shares of WMC common stock entitled to vote at the special meeting of stockholders of WMC voted in favor of the adoptio.

Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust

Arbor Realty Trust

Apartment Income REIT Corp

Apple Hospitality REIT

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Group

Centerspace REIT

CTO Realty Growth

Digital Realty Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

EastGroup Properties

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Federal Realty Investment Trust

Gaming and Leisure Properties

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Kimco Realty

Mid-America Apartment Communities

Neuberger Berman Real Estate Securities Income Fund Inc

Realty Income Corp

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%.

A November To Remember

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.05 per common share in light of the adjournment of the special meeting of Western Asset Mortgage Capital Corporation (“WMC”) stockholders until December 5, 2023. The dividend is payable on January 2, 2024, to stockholders of record as of November 30, 2023. MITT expects to declare its remaining fourth quarter dividen.

AG Mortgage Investment Trust, Inc. Announces Second Interim Fourth Quarter Common Dividend of $0.05 Per Share

AllianceBernstein Hld

BrightSpire Capital

FS KKR Capital Corp

Altria

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

OFS Capital

Petroleo Brasileiro

AT&T

AT&T 5.35 % Notes 2017-01.11.66 Global

Invesco Senior Income Trust

Walgreens

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.

Readers Post 31 October Dividend Buy Candidates

Solar Capital

REITs experienced significant gains, outperforming other sectors. Investors are hesitant to own REITs during rising interest rates but don't want to miss out when rates fall. There's no time between rates falling and REITs rising. Lower interest rates can lead to higher profits and dividend growth for equity REITs, making them more attractive to income-seeking investors.

REITs To The Moon

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.

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

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, 2023. Q3 2023 FINANCIAL HIGHLIGHTS $11.37 Book Value per share as of September 30, 2023 compared to $11.89 as of June 30, 2023(1) $11.00 Adjusted Book Value per share as of September 30, 2023 compared to $11.52 as of June 30, 2023(1) Decrease of (4.5)% from June 30, 2023 Transaction expenses of $7.6 million or $(0.

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that at the special meeting of stockholders held today its stockholders approved the issuance of MITT's common stock pursuant to the terms of the previously announced merger agreement with Western Asset Mortgage Capital Corporation (“WMC”). Pursuant to the merger agreement, MITT will acquire WMC through WMC's merger with and into a wholly owned subsidiary of MITT (the “Merger”). The Merger is expected.

AG Mortgage Investment Trust, Inc. Stockholders Approve Issuance of Common Stock in Merger With Western Asset Mortgage Capital Corporation

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.

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

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (the “Company,” “we,” or “MITT”) (NYSE: MITT) announced today that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that stockholders vote “FOR” the proposed merger with Western Asset Mortgage Capital Corporation (“WMC”), in which each outstanding share of WMC common stock will be converted into the right to receive (i) 1.498 shares of MITT common stock and (ii) the per share portion of a cash pa.

Leading Independent Proxy Advisory Firm ISS Recommends AG Mortgage Investment Trust Stockholders Vote “FOR” the Proposed Merger With Western Asset Mortgage Capital Corporation

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared an interim fourth quarter dividend of $0.08 per common share. The dividend is payable on November 8, 2023 to stockholders of record as of November 3, 2023. MITT expects to declare its remaining fourth quarter dividend in the ordinary course in December 2023. The interim fourth quarter dividend is being made pursuant to the terms of the previously announced Agree.

AG Mortgage Investment Trust, Inc., Announces Interim Fourth Quarter Common Dividend of $0.08 Per Share

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $74 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), jointly announced today that they have determined the final exchange ratio in accordance with the terms of the Agreement and Plan of Merger, dated as.

AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Final Exchange Ratio for Proposed Merger

Volatility in Treasuries is causing issues for analysts as it affects share prices and fundamentals. The market forecast for inflation has not changed significantly in the last six months, indicating belief that inflation is under control. Mortgage REITs are experiencing declines in book values, particularly agency mortgage REITs, due to interest rate risk.

Mortgage REIT Chaos

Arlington Asset Investment

Gladstone Investment

MidCap Financial Investment Corp

Blue Owl Capital Corp

PennantPark Floating Rate Capital

Prospect Capital

TCP Capital

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.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

News for AG Mortgage Investment Trust Stock (MITT)