AG Mortgage Investment Trust (NYSE:MITT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

AG Mortgage Investment Trust (NYSE:MITT) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01, FiscalAI reports. The company had revenue of $6.47 million for the quarter, compared to analysts’ expectations of $22.04 million. AG Mortgage Investment Trust had a return on equity of 14.42% and a net margin of 10.13%.

Here are the key takeaways from AG Mortgage Investment Trust’s conference call:

• The company’s book value fell 4.9% to $9.97 in Q1 and GAAP net loss was about $8.7M, driven by March unrealized portfolio losses, though management says at least 50% of that decline had recovered by April.
• Earnings available for distribution (EAD) was $0.26—enough to cover the newly raised quarterly dividend of $0.24 (the fourth increase since early 2025) and management said it intends to continue passing earnings through to shareholders.
• TPG MIT is executing its strategy into higher-return residentials, securitizing ~$500M of home equity loans (plus a subsequent ~$430M non‑agency deal) and growing ArcHome (now 56% owned), which contributed ~$0.04 to EAD and reported lock volumes of $1.3B (up 25% YoY).
• Portfolio credit metrics remain strong with serious delinquencies of 1.3% in non‑agency and 0.4% in home equity, and an average loan‑to‑value around the low 60% range, supporting confidence in underlying asset performance.
• Management is de‑risking legacy WMC commercial holdings (retail sale progressing; 2 of 4 hotels have LOIs) with financing extended through September and expects some exits by year‑end (others may slip into 2027); the company ended Q1 with about $100M of total liquidity to redeploy but timing and final outcomes remain uncertain.

AG Mortgage Investment Trust Price Performance

Shares of NYSE MITT traded up $0.22 during midday trading on Thursday, reaching $7.91. 222,994 shares of the company were exchanged, compared to its average volume of 262,166. The stock’s 50-day moving average price is $7.79 and its 200-day moving average price is $8.08. The stock has a market cap of $251.06 million, a P/E ratio of 8.99 and a beta of 1.69. The company has a quick ratio of 10.33, a current ratio of 10.33 and a debt-to-equity ratio of 21.38. AG Mortgage Investment Trust has a one year low of $6.33 and a one year high of $9.27.

AG Mortgage Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.1%. AG Mortgage Investment Trust’s payout ratio is presently 109.09%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new position in AG Mortgage Investment Trust in the first quarter valued at about $39,000. BNP Paribas Financial Markets increased its stake in shares of AG Mortgage Investment Trust by 103.7% in the third quarter. BNP Paribas Financial Markets now owns 5,413 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,756 shares during the period. Kemnay Advisory Services Inc. bought a new position in AG Mortgage Investment Trust in the 4th quarter valued at approximately $40,000. Russell Investments Group Ltd. raised its holdings in AG Mortgage Investment Trust by 103.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,095 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 3,614 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in AG Mortgage Investment Trust by 258.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 6,460 shares during the period. Institutional investors own 27.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MITT shares. JonesTrading increased their price objective on shares of AG Mortgage Investment Trust from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AG Mortgage Investment Trust in a report on Friday, April 17th. Citigroup reiterated an “outperform” rating on shares of AG Mortgage Investment Trust in a research report on Thursday, January 22nd. Citizens Jmp boosted their price objective on shares of AG Mortgage Investment Trust from $8.50 to $9.25 and gave the company a “market outperform” rating in a research report on Thursday, January 22nd. Finally, Credit Suisse Group set a $9.25 target price on AG Mortgage Investment Trust in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AG Mortgage Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).