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AG MORTGAGE INVESTMENT TRUST, INC. - MITT STOCK NEWS

Welcome to our dedicated page for AG MORTGAGE INVESTMENT TRUST news (Ticker: MITT), a resource for investors and traders seeking the latest updates and insights on AG MORTGAGE INVESTMENT TRUST stock.

AG Mortgage Investment Trust, Inc. (symbol: MITT) is a publicly traded real estate investment trust (REIT) that specializes in investing in a diversified portfolio of residential mortgage-related assets in the U.S. mortgage market. The company's primary objective is to deliver attractive risk-adjusted returns to its stockholders over the long term via dividends and capital appreciation. MITT is notably involved in acquiring and managing residential mortgage-backed securities (RMBS) that are issued or guaranteed by government-sponsored enterprises.

AG Mortgage Investment Trust, Inc. has built a robust portfolio that benefits from the stability and predictability of the residential mortgage market. Its investments include a range of mortgage-backed securities that provide a balance between risk and return. By focusing on high-quality, government-backed securities, MITT ensures a level of security and reliability in its earnings, which is further enhanced by strategic asset diversification.

In recent years, the company has made significant strides in expanding its asset base and optimizing its investment strategies to adapt to market fluctuations. It maintains a disciplined investment approach to manage interest rate risk and credit risk effectively. This strategy has allowed MITT to sustain a steady flow of income and dividends to its shareholders, even amidst market volatility.

Moreover, AG Mortgage Investment Trust, Inc. collaborates with various financial institutions and partners to enhance its investment capabilities and market reach. These partnerships enable MITT to source high-quality assets and leverage expertise in mortgage investment management, thus creating value for its stockholders.

The company's financial strength is underscored by its solid balance sheet, prudent financial management, and commitment to transparency and corporate governance. AG Mortgage Investment Trust, Inc. remains dedicated to maximizing shareholder value by continuously seeking opportunities to refine its investment portfolio and improve operational efficiency.

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AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the release of its second quarter 2023 financial results on August 7, 2023. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Participants can join the call by telephone or listen to the live webcast using the provided Conference ID. An audio replay will be available on the company's website for a month after the call.
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Western Asset Mortgage Capital Corporation (NYSE: WMC) has determined that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT) to acquire WMC is a 'Parent Superior Proposal.' Under MITT's proposal, each WMC share would be converted into 1.468 shares of MITT stock and a cash payment from MITT's external manager. WMC has notified Terra Property Trust, Inc. (TPT) that it intends to terminate their merger agreement unless a revised proposal is received by August 3, 2023.
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Terra Property Trust, Inc. (TPT) has acquired approximately 5.2% of the outstanding shares of common stock of AG Mortgage Investment Trust, Inc. (MITT), making TPT the second-largest stockholder of MITT. TPT believes MITT is undervalued and intends to explore options to unlock this value, including a strategic combination. TPT may engage in discussions with management, the Board of Directors, and other stakeholders to improve MITT's financial and operational performance.
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Terra Property Trust reaffirms commitment to merge with Western Asset Mortgage Capital Corporation. The merger is expected to have approximately $1.2 billion in assets and $436 million of adjusted book value. TPT believes its proposed combination with WMC offers attractive value for WMC shareholders. The TPT Merger provides an implied per share consideration of $15.40, an 84% premium to WMC's share price as of July 12th. The TPT Merger does not accelerate WMC's convertible debt. TPT stockholders who receive WMC shares will have staggered lock-up/conversion rights.
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AG Mortgage Investment Trust (MITT) has submitted a proposal to acquire Western Asset Mortgage Capital Corporation (WMC) for a fixed exchange ratio, representing an implied price of $9.88 per share. This offer represents an 18.2% premium to WMC's closing share price. MITT's proposal includes cash consideration to WMC stockholders and aims to create a more efficient company through cost synergies and earnings accretion post-close. MITT has strong support from its external manager, Angelo Gordon, who will contribute $7 million in cash towards the transaction.
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FAQ

What is the current stock price of AG MORTGAGE INVESTMENT TRUST (MITT)?

The current stock price of AG MORTGAGE INVESTMENT TRUST (MITT) is $7.02 as of December 20, 2024.

What is the market cap of AG MORTGAGE INVESTMENT TRUST (MITT)?

The market cap of AG MORTGAGE INVESTMENT TRUST (MITT) is approximately 209.2M.

What is AG Mortgage Investment Trust, Inc. (MITT)?

AG Mortgage Investment Trust, Inc. is a publicly traded real estate investment trust (REIT) that focuses on investing in residential mortgage-related assets in the U.S. market.

What is the primary objective of AG Mortgage Investment Trust, Inc.?

The primary objective of AG Mortgage Investment Trust, Inc. is to provide attractive risk-adjusted returns to its stockholders over the long term through dividends and capital appreciation.

What types of assets does MITT invest in?

MITT invests in a diversified portfolio of residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises.

How does MITT manage risk in its investment portfolio?

MITT manages risk through a disciplined investment approach, focusing on high-quality, government-backed securities and employing strategies to mitigate interest rate and credit risk.

What recent achievements has MITT made?

MITT has expanded its asset base, optimized its investment strategies, and maintained a steady flow of income and dividends to shareholders amidst market fluctuations.

Who are MITT's partners?

MITT collaborates with various financial institutions and partners to source high-quality assets and leverage expertise in mortgage investment management.

What is the significance of MITT's financial strength?

MITT's financial strength is highlighted by a solid balance sheet, prudent financial management, and a commitment to transparency and corporate governance.

How does MITT improve operational efficiency?

MITT seeks to refine its investment portfolio and improve operational efficiency by continuously exploring new opportunities and optimizing current investment strategies.

What is the role of government-backed securities in MITT's portfolio?

Government-backed securities play a crucial role in ensuring the security and reliability of MITT's earnings, providing a stable foundation for its investment portfolio.

How does MITT benefit its stockholders?

MITT benefits its stockholders by delivering attractive risk-adjusted returns through dividends and capital appreciation, driven by strategic investments and effective risk management.

AG MORTGAGE INVESTMENT TRUST, INC.

NYSE:MITT

MITT Rankings

MITT Stock Data

209.22M
27.45M
6.53%
37.33%
1.64%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK