AG Mortgage Investment Trust Plans Quarterly Dividend of $0.80 (MITT)
AG Mortgage Investment Trust (NASDAQ:MITT) declared a quarterly dividend on Tuesday, March 5th. Investors of record on Monday, March 18th will be given a dividend of $0.80 per share on Friday, April 26th. This represents a $3.20 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date of this dividend is Thursday, March 14th.
A number of research firms have also recently commented on MITT. Analysts at Credit Suisse initiated coverage on shares of AG Mortgage Investment Trust in a research note to investors on Tuesday. They set a “neutral” rating and a $26.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of AG Mortgage Investment Trust from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, February 13th. They now have a $27.10 price target on the stock. Finally, analysts at Zacks downgraded shares of AG Mortgage Investment Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th. They now have a $27.10 price target on the stock.
Shares of AG Mortgage Investment Trust (MITT) traded down 0.67% during mid-day trading on Tuesday, hitting $26.54. AG Mortgage Investment Trust (MITT) has a 52 week low of $19.09 and a 52 week high of $26.72. The stock’s 50-day moving average is currently $25.34. The company has a market cap of $613.7 million and a P/E ratio of 3.22.
Alexander Mortgage REIT, Inc. is formed to invest in, acquire and manage a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets.
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