MITT - AG Mortgage Investment Trust, Inc.

NYSE - NYSE Delayed Price. Currency in USD
3.6000
+0.8500 (+30.91%)
At close: 4:00PM EDT
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Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.7500
Open3.9700
Bid3.8600 x 2200
Ask3.8000 x 2200
Day's Range3.3300 - 4.0100
52 Week Range1.4600 - 16.7000
Volume13,039,102
Avg. Volume3,972,518
Market Cap118.165M
Beta (5Y Monthly)1.73
PE Ratio (TTM)1.51
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 30, 2019
1y Target EstN/A
  • Barrons.com

    These 4 Mortgage REITs Are ‘in Limbo,’ According to KBW

    For investors, the challenge is trying to figure out how much value would be left in the worst-case scenario—if the vehicles liquidate.

  • Does The AG Mortgage Investment Trust, Inc. (NYSE:MITT) Share Price Tend To Follow The Market?
    Simply Wall St.

    Does The AG Mortgage Investment Trust, Inc. (NYSE:MITT) Share Price Tend To Follow The Market?

    If you're interested in AG Mortgage Investment Trust, Inc. (NYSE:MITT), then you might want to consider its beta (a...

  • Reuters

    AG Mortgage seeks to prevent RBC from auctioning off mortgage debt

    AG Mortgage Investment Trust on Wednesday sought a court order to prevent Royal Bank of Canada (RBC) from auctioning off nearly $11 million of commercial mortgage-backed securities that serve as collateral for defacto loans to AG, according to a court filing. RBC, Canada's biggest lender, and other banks have taken advantage of illiquidity due to a market selloff to mark down these assets and "to trigger widespread margin calls," AG said in a request for a temporary restraining order and injunction filed in the U.S. Southern New York District Court.

  • A Rent Wipeout Could Ignite a Mortgage Crisis
    Bloomberg

    A Rent Wipeout Could Ignite a Mortgage Crisis

    (Bloomberg Opinion) -- The rent is too high. And that’s causing consternation across Wall Street desks still traumatized by the 2008 financial crisis.As the days go by in an unprecedented shutdown of the U.S. economy to slow the coronavirus outbreak, any amount of rent looks increasingly difficult to cover for a wide swath of Americans, from recently fired service workers to local small-business owners. Unfortunately for those most affected, these payments can’t simply be wiped out — at least, not without dire repercussions. My Bloomberg Opinion colleague Noah Smith wrote a column this week arguing that people need a break on all sorts of debts. But when it comes to rent, there’s pretty much no way around people eventually paying what they owe, ideally with the help of the U.S. government, or else risk “turning a health crisis into a banking crisis.”This, more or less, is the catastrophic “domino effect” that real-estate investor Tom Barrack, chief executive officer of Colony Capital Inc., warned about this week. Simply put, if commercial tenants don’t pay rent because of a lack of cash, then property owners might be squeezed and default on their mortgage payments. The same goes for homeowners. That could bring the problem squarely onto the balance sheets of large U.S. banks, which will suffer steep losses on their loans.At first, it might have seemed as if Barrack was simply talking his book. But as more details emerged about the carnage across the $16 trillion U.S. mortgage market, it’s clear that the complex web of financial obligations tied to real estate could again be the flashpoint that leads to a financial crisis without some sort of intervention.Part of the reason that mortgages are again veering into crisis mode is because the modern market has so many moving parts. My Bloomberg Opinion colleague Matt Levine laid it out in a five-part list, which you can (and should) read here. Suffice it to say, if money is being lent twice-over in the repo market, the players are highly leveraged and vulnerable to an unexpected shock. The coronavirus outbreak certainly qualifies as such — some 47,000 U.S. chain stores temporary closed in the span of a week, Bloomberg News reported Tuesday. The median estimate for initial jobless claims on Thursday is 1.5 million, up from 281,000 previously.This mortgage-market meltdown is happening largely because everyone in the money chain is anxious and wants to cash out at the same time. But it also comes back to rent. It’s anyone’s guess when the American economy will be up and running again and what sort of assistance the federal government will provide to those companies forced to close and those individuals suddenly out of a job. It’s hard to blame banks for not wanting to wait around for answers and instead issue margin calls on mortgage real estate investment trusts.Those jitters caused emergency sales from the REITs, including relatively safe (and more liquid) agency debt. But that can’t last forever. On Tuesday, Invesco Mortgage Capital Inc. said it could longer fund margin calls, following in the footsteps of AG Mortgage Investment Trust Inc., which said it failed to meet some margin calls on Friday and doesn’t expect to meet them in the future, and TPG RE Finance Trust Inc., which is seeking flexibility from lenders. They’re almost certainly not the only ones.For now, there’s only so much the Federal Reserve can do to address these strains. It announced open-ended purchases of both U.S. Treasuries and agency mortgage-backed securities on Monday. The central bank is wasting no time flexing its muscle: It’s targeting $250 billion of agency MBS purchases this week after buying $67 billion last week. The previous record was $33 billion in March 2009, according to Morgan Stanley. Many observers are confident that the Fed’s “whatever it takes” model will restore order to the agency MBS market in no time.For non-agency securities, there’s not yet a dedicated lifeline. My Bloomberg Opinion colleague Marcus Ashworth suggests these assets may be the next order of business for the Fed. It’s hard to argue with that, given the central bank’s already unprecedented moves into the corporate and municipal markets.Before the Fed launches yet another emergency facility, though, central bankers should assess the fiscal stimulus package from Congress. If lawmakers provide enough relief for the most affected Americans to get through these next few months and cover their rent, lease and mortgage payments, it might be enough to prevent the first domino from falling in Barrack’s example.The coronavirus outbreak has suddenly halted cash flows of all kinds. Washington needs to keep the spigot open.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Mortgage REITs Come Under Stress That Even the Fed Might Not Be Able to Ease

    One esoteric corner of the financial markets is coming under stress again, just as it did after the Financial Crisis, demonstrating just how big the disruption to financial markets has been.

  • Thomson Reuters StreetEvents

    Edited Transcript of MITT earnings conference call or presentation 28-Feb-20 2:30pm GMT

    Q4 2019 AG Mortgage Investment Trust Inc Earnings Call

  • AG Mortgage Investment Trust (NYSE:MITT) Shares Have Generated A Total Return Of 57% In The Last Five Years
    Simply Wall St.

    AG Mortgage Investment Trust (NYSE:MITT) Shares Have Generated A Total Return Of 57% In The Last Five Years

    The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...

  • Have Insiders Been Buying AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares?
    Simply Wall St.

    Have Insiders Been Buying AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Thomson Reuters StreetEvents

    Edited Transcript of MITT earnings conference call or presentation 5-Nov-19 2:30pm GMT

    Q3 2019 AG Mortgage Investment Trust Inc Earnings Call

  • When Should You Buy AG Mortgage Investment Trust, Inc. (NYSE:MITT)?
    Simply Wall St.

    When Should You Buy AG Mortgage Investment Trust, Inc. (NYSE:MITT)?

    AG Mortgage Investment Trust, Inc. (NYSE:MITT), which is in the mortgage reits business, and is based in United...

  • Does AG Mortgage Investment Trust, Inc. (NYSE:MITT) Have A High Beta?
    Simply Wall St.

    Does AG Mortgage Investment Trust, Inc. (NYSE:MITT) Have A High Beta?

    If you're interested in AG Mortgage Investment Trust, Inc. (NYSE:MITT), then you might want to consider its beta (a...

  • Moody's

    GCAT 2019-RPL1 Trust -- Moody's assigns definitive ratings to notes issued by GCAT 2019-RPL1 Trust

    Moody's Investors Service ("Moody's") has assigned definitive ratings to seven classes of notes issued by GCAT 2019-RPL1 Trust ("GCAT 2019-RPL1"), which are backed by one pool of primarily re-performing residential mortgage loans. As of the cut-off date of July 31, 2019, the collateral pool is comprised of 1,622 first and junior lien mortgage loans, with a weighted average (WA) updated primary borrower FICO score of 643, a WA current loan-to-value Ratio (LTV) for the first liens of 84.9% and a total unpaid balance of $270,702,302. Fay Servicing, LLC ("Fay") will be the primary servicer and will not advance any principal or interest on the delinquent loans.

  • Do Institutions Own AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares?
    Simply Wall St.

    Do Institutions Own AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares?

    The big shareholder groups in AG Mortgage Investment Trust, Inc. (NYSE:MITT) have power over the company. Insiders...

  • Moody's

    GCAT 2019-RPL1 -- Moody's assigns provisional ratings to notes issued by GCAT 2019-RPL1 Trust

    Moody's Investors Service ("Moody's") has assigned provisional ratings to seven classes of notes issued by GCAT 2019-RPL1 Trust ("GCAT 2019-RPL1"), which are backed by one pool of primarily re-performing residential mortgage loans. As of the statistical cut-off date of June 30, 2019, the collateral pool is comprised of 1,754 first and junior lien mortgage loans, with a weighted average (WA) updated primary borrower FICO score of 649, a WA current loan-to-value Ratio (LTV) for the first liens of 85.0% and a total unpaid balance of $297,685,029.

  • Thomson Reuters StreetEvents

    Edited Transcript of MITT earnings conference call or presentation 6-Aug-19 1:30pm GMT

    Q2 2019 AG Mortgage Investment Trust Inc Earnings Call

  • AG Mortgage Investment Trust (MITT) Q2 2019 Earnings Call Transcript
    Motley Fool

    AG Mortgage Investment Trust (MITT) Q2 2019 Earnings Call Transcript

    MITT earnings call for the period ending June 30, 2019.

  • If You Had Bought AG Mortgage Investment Trust (NYSE:MITT) Shares A Year Ago You'd Have A Total Return Of -7.5%
    Simply Wall St.

    If You Had Bought AG Mortgage Investment Trust (NYSE:MITT) Shares A Year Ago You'd Have A Total Return Of -7.5%

    Investors can approximate the average market return by buying an index fund. When you buy individual stocks, you can...