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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.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.18 per common share for Q1 2023. This dividend will be paid on April 28, 2023, to shareholders on record as of March 31, 2023. The company operates as a residential mortgage REIT, focusing on a diversified portfolio of mortgage-related assets in the U.S. mortgage market. AG Mortgage is externally managed by AG REIT Management, a subsidiary of Angelo, Gordon & Co., which manages approximately $53 billion in assets.
AG Mortgage Investment Trust (MITT) reported financial results for 2022, showing a 23% decrease in Book Value per share from $14.64 in 2021 to $11.39. The Annual Economic Return on Equity was (17.3)%, with a net loss of $(3.12) per share and earnings available for distribution of $0.08 per share. Despite challenges, the company noted a 3% increase in book value during Q4 2022 and reported a quarterly economic return on equity of 5.0%. The investment portfolio totaled $4.2 billion, with $2.6 billion in loans purchased in 2022. The company also executed a rated securitization of $271.2 million, converting recourse financing into more stable non-recourse financing.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has announced it will release its fourth quarter 2022 financial results on February 23, 2023, before market opening. Following the release, a conference call will be held at 8:30 a.m. ET the same day to discuss the results. Participants can join by calling (800) 445-7795 for domestic or (785) 424-1699 for international calls, with Conference ID MITTQ422. An accompanying presentation will be available on the company's investor relations website.
Audio replays of the call will be accessible from February 23 to March 23, 2023.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the tax treatment of distributions for common and preferred stocks paid in 2022. Shareholders are advised to review their 2022 tax statements, as the common stock distribution on January 31, 2022, will count as a 2022 distribution for tax purposes. The total common stock distribution per share for 2022 is
AG Mortgage Investment Trust (NYSE: MITT) declared a $0.18 dividend per common share for Q4 2022, payable on January 31, 2023, to shareholders of record by December 30, 2022. The Company repurchased 0.8 million shares costing $4.4 million, with $8.3 million remaining for future buybacks under its 2022 program. This reinforces MITT's commitment to shareholder returns while strategically managing its capital. AG Mortgage Investment Trust focuses on a diversified portfolio of U.S. residential mortgage assets.
AG Mortgage Investment Trust (MITT) reported Q3 2022 financial results, showing a book value per share of $11.02, down from $11.48 in Q2 2022, reflecting a 4.2% decline. The company experienced a quarterly economic return on equity of (2.3)%, with net income per diluted share at $(0.33). Despite inflation and market volatility, MITT expanded its investment portfolio to $4.3 billion and executed significant securitizations. The company maintained a strong liquidity position with $79.7 million available as of September 30, 2022 and repurchased 0.4 million shares for $2.3 million.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced it will release its third quarter 2022 financial results on November 4, 2022, before the market opens. A conference call to discuss the results will occur on the same day at 8:30 a.m. Eastern Time. Participants can join by calling (800) 343-4849 or (203) 518-9856 for international callers, using Conference ID MITTQ322. An audio replay will be available the same day until December 4, 2022. The company's presentation can be accessed on its website under the
AG Mortgage Investment Trust, Inc. (NYSE: MITT) released preliminary financial updates for Q3 2022, highlighting a decrease in Book Value per share to an estimated range of
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announces T.J. Durkin as its new CEO effective October 1, 2022. Durkin will maintain his role as President and Board member. David Roberts, the current CEO since 2011, is resigning to pursue retirement, effective September 30, 2022. Debra Hess, Lead Independent Director, transitions to Non-Executive Chair, enhancing governance. Nicholas Smith, the Chief Investment Officer, joins the Board. The company aims to strengthen its residential credit focus amid market uncertainties, relying on its robust loan pipeline and experienced leadership.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q3 2022. This dividend is payable on October 31, 2022 to shareholders on record by September 30, 2022. AG Mortgage is focused on a diversified portfolio of residential mortgage-related assets in the U.S. and is managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., which manages about $52 billion in assets.
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