MITT - AG Mortgage Investment Trust, Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 3.4100 |
| Open | 3.5300 |
| Bid | 3.4000 x 800 |
| Ask | 3.4500 x 1200 |
| Day's Range | 3.2600 - 3.5800 |
| 52 Week Range | 1.4600 - 16.7000 |
| Volume | 2,711,009 |
| Avg. Volume | 5,412,468 |
| Market Cap | 113.898M |
| Beta (5Y Monthly) | 1.73 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -13.4290 |
| Earnings Date | Aug 03, 2020 - Aug 07, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Dec 30, 2019 |
| 1y Target Est | 2.00 |
- Motley Fool
AG Mortgage Investment Trust (MITT) Q1 2020 Earnings Call Transcript
Any forward-looking statements made during today's call are subject to certain risks and uncertainties, which are outlined in the risk factors and MD&A sections of our most recent SEC filings. Thank you, Raul.
- Thomson Reuters StreetEvents
Edited Transcript of MITT earnings conference call or presentation 12-Jun-20 12:30pm GMT
Q1 2020 AG Mortgage Investment Trust Inc Earnings Call
- Benzinga
Recap: AG Mortgage Investment Q1 Earnings
Shares of AG Mortgage Investment (NYSE:MITT) moved higher by 2.7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 3428.89% year over year to ($14.98).Revenue of $20,297,000 up by 11.84% from the same period last year, which missed the estimate of $22,150,000.Outlook AG Mortgage Investment hasn't issued any earnings guidance for the time being.AG Mortgage Investment hasn't issued any revenue guidance for the time being.Conference Call Details Date: Jun 12, 2020View more earnings on MITTTime: 08:30 AMET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=C5BBC201-5E03-4521-B0D8-E946051AC000&LangLocaleID=1033&Referrer=http%3A%2F%2Fwww.agmortgageinvestmenttrust.com%2Fnews-releases%2Fnews-release-details%2Fag-mortgage-investment-trust-inc-schedules-first-quarter-2020Technicals 52-week high: $16.70Company's 52-week low was at $1.46Price action over last quarter: down 64.13%Company Overview AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets, which the company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise.See more from Benzinga * Earnings Scheduled For June 12, 2020 * 10 Real Estate Stocks Moving In Monday's Pre-Market Session * 4 Real Estate Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Business Wire
AG Mortgage Investment Trust, Inc. Reports First Quarter 2020 Results
AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company" or "our") (NYSE: MITT) today reported financial results for the quarter-ended March 31, 2020. AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests in and manages a diversified risk-adjusted portfolio of Agency RMBS and Credit Investments, which include Residential Investments and Commercial Investments.
- ACCESSWIRE
AG Mortgage Investment Trust, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / June 12, 2020 / AG Mortgage Investment Trust, Inc. (NYSE:MITT) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on June 12, 2020 ...
- Business Wire
AG Mortgage Investment Trust, Inc. Schedules First Quarter 2020 Earnings Release and Conference Call
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it will release first quarter 2020 financial results prior to the market open on Friday, June 12, 2020. The Company will host a conference call to discuss the results on Friday, June 12, 2020, at 8:30 a.m. Eastern Time.
- Barrons.com
These Two Mortgage REITs Are Falling After a Spectacular Rally
A wide range of arguably overheated stocks, including a volatile group of investments called mortgage real-estate investment trusts, lost ground on Tuesday.
- Business Wire
AG Mortgage Investment Trust, Inc. Provides Company Update
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today the following updates with respect to its business operations:
- Business Wire
AG Mortgage Investment Trust, Inc. Provides Updates as of April 8, 2020
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it is providing updates on several matters pertaining to the Company.
- Business Wire
NOTICE TO AG MORTGAGE INVESTMENT TRUST, INC. (MITT) INVESTORS – KlaymanToskes Commences Investigation for MITT Investors with Losses in Excess of $100,000 due to a Recommendation from their Full-Service Brokerage Firm/Financial Advisor
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the recommended purchase of AG Mortgage Investment Trust, Inc. (NYSE:MITT) ("MITT") a Real Estate Investment Trust ("REIT"). MITT closed at 16.52 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, MITT trades at 1.92, or more than 85% lower than its market value on February 21, 2020. This investment may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks by their full-service brokerage firm or their financial advisor.
- ACCESSWIRE
MITT Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of AG Mortgage Investment Trust, Inc. and Encourages Investors to Contact the Firm
NEW YORK, NY / ACCESSWIRE / March 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AG Mortgage Investment Trust, Inc. ("AG Mortgage" or "the Company") (MITT). The investigation concerns whether AG Mortgage and certain of its officers and/or directors have violated federal securities laws. On March 27, 2020, AG Mortgage issued a press release disclosing that "[s]ince March 23, 2020, the Company and several of its subsidiaries have received notifications from several financing counterparties of alleged events of default under their financing agreements, and of certain of those counterparties' intentions to accelerate the Company's and such subsidiaries' performance obligations under the relevant agreements."
- GlobeNewswire
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of AG Mortgage Investment Trust, Inc. - MITT
Pomerantz LLP is investigating claims on behalf of investors of AG Mortgage Investment Trust, Inc. (“AG Mortgage” or the “Company”) (NYSE: MITT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether AG Mortgage and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- Business Wire
AG Mortgage Investment Trust, Inc. Provides Updates as of March 27, 2020.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it is providing updates on several matters pertaining to the Company.
- 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.
- 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.
- Business Wire
AG Mortgage Investment Trust, Inc. Provides Update on Status of Financing Arrangements as of March 23, 2020
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that in recent weeks, due to the turmoil in the financial markets resulting from the global pandemic of the COVID-19 virus, the Company and its subsidiaries have received an unusually high number of margin calls from financing counterparties. Through Friday March 20, 2020, the Company timely met or is in the process of meeting all margin calls received. Although the Company’s satisfaction of certain margin calls received on Friday March 20, 2020 missed the wire deadline, on Friday evening the Company notified the affected counterparties that the Company will fulfill such margin call payments on Monday March 23, 2020.
- 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
- 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...
- 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
- 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...
- 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.
