In today’s recent session, 3,040,071 shares of the AG Mortgage Investment Trust, Inc.(NYSE:MITT) have been traded, and its beta is 1.62. Most recently the company’s share price was $4.31, and it changed around $0.27 or 0.07% from the last close, which brings the market valuation of the company to $175.14 Million. MITT at last check was trading at a discount to its 52-week high of $16.55, offering almost -283.99% off that amount. The share price’s 52-week low was $1.46, which indicates that the recent value has risen by an impressive 66.13% since then. We note from AG Mortgage Investment Trust, Inc.’s average daily trading volume that its 10-day average is 3.17 Million shares, with the 3-month average coming to 2Million.
AG Mortgage Investment Trust, Inc. (NYSE:MITT): Trading Information Today
Instantly MITT has been showing a green trend so far today with a performance of 6.68% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.44- on Monday, Feb 22 increased the stock’s daily price by 3.06%. The company’s shares are currently up 0.46% year-to-date, but still up 0.1447 over the last five days. On the other hand, AG Mortgage Investment Trust, Inc. (NYSE:MITT) is 0.41% up in the 30-day period. We can see from the shorts that 1.72 Million shares have been sold at a short interest cover period of 0.86 day(s).
AG Mortgage Investment Trust, Inc. (MITT) projections and forecasts
AG Mortgage Investment Trust, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +40.28 percent over the past six months. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +99.9% in revenue this quarter, and will report an increase of 125% in the next quarter. The year-over-year growth rate is expected to be 17%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $9.58 Million in revenue for the current quarter. 2 analysts expect AG Mortgage Investment Trust, Inc. to make $10.84 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $20.3 Million and $4.76 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -52.8%. Forecasts for the next quarter put sales growth at 127.9%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.7%. AG Mortgage Investment Trust, Inc. earnings are expected to increase by 818.6% in 2021, but the outlook is negative 0% per year for the next five years.
MITT Dividend Yield
AG Mortgage Investment Trust, Inc.’s next quarterly earnings report is expected to be released around February 19, 2021. The annual dividend yield of the stock is 11.88 percent and its annual dividend per share was $0.48. It is important to note, however, that the 11.88% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 16.67% per year.
AG Mortgage Investment Trust, Inc. (NYSE:MITT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.73% of AG Mortgage Investment Trust, Inc. shares, and 31.68% of them are in the hands of institutional investors. The stock currently has a share float of 32.23%. AG Mortgage Investment Trust, Inc. stock is held by 90 institutions, with EJF Capital LLC being the largest institutional investor. By Sep 29, 2020, it held 9.04% of the shares, which is about 3.68 Million shares worth $10.16 Million.
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Angelo, Gordon & Company, L.P., with 4.35% or 1.77 Million shares worth $4.88 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.