AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The firm conducts its business through the following segments: Securities and Loans and Single-Family Rental Properties. Its portfolios include Agency RMBS, Residential Investments, Commercial Investments, and ABS. The company was founded on March 1, 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MITT shows resilience in challenging market, eyes strategic opportunities

MITT navigated challenging market conditions with a disciplined approach and strong financial position.
The company demonstrated resilience through the recovery in book value and securitization activities.
Management highlighted long-term earnings focus, potential strategic opportunities, and strong liquidity levels.
Analysts' inquiries on liquidity, leverage, and capital deployment underscored areas of focus for MITT.

AG Mortgage Investment Trust (MITT) reports growth and resilience in Q1 2023

AG Mortgage Investment Trust (MITT) demonstrated solid financial performance and strategic decision-making in Q1 2023.
The company's focus on increasing book value, share repurchases, and market opportunities positions it for growth.
While challenges like financing conditions persist, MITT's proactive approach and strong fundamentals offer resilience and growth potential.

MITT reports solid Q2 performance amidst market challenges and opportunities

MITT's Q2 performance showcased resilience and strategic initiatives amidst market challenges.
Strong demand for residential whole loan exposure and focus on optimizing the loan portfolio were key highlights.
While facing challenges, MITT's financial strength and stability position it well for future opportunities.
Strategic actions to manage risks and capitalize on growth avenues underscore MITT's proactive approach.

AG Mortgage Investment Trust reports resilient Q3 performance and growth opportunities

AG Mortgage Investment Trust's Q3 performance reflects resilience and strategic advancements.
The company's strengths in book value stability and prudent underwriting enhance investor confidence.
Challenges such as managing loan profiles and merger expenses require careful navigation.
Opportunities in new investments, dividend growth, and strategic mergers pave the way for future success.

MITT excels post-WMC acquisition, eyes housing sector for growth

AG Mortgage Investment Trust (MITT) delivered a solid performance in Q4 2023, driven by the successful WMC acquisition, resulting in improved financial metrics and increased market cap. While facing challenges in integration and optimization, MITT remains well-positioned to leverage opportunities in the housing sector and enhance profitability through strategic initiatives.

AG Mortgage Investment Trust (MITT) excels in Q1 post-merger performance

AG Mortgage Investment Trust (MITT) delivered a robust Q1 performance post-merger, showcasing strengths in financial metrics and portfolio management. While facing challenges in EAD sustainability and market dynamics, MITT is poised to capitalize on opportunities through strategic growth initiatives and capital optimization.

MITT reports strong Q2 earnings, plans to rotate out Agency RMBS

MITT's Q2 earnings call highlighted strong financial performance, strategic initiatives to manage risk, and opportunities for growth. Management plans to rotate out of Agency RMBS post-convertible note maturity and focus on securitization opportunities. Analysts raised concerns about book value risk and prepayment speeds, indicating potential challenges ahead.

MITT reports robust Q3 results, eyes home equity opportunities

MITT's Q3 performance reflects financial strength and stability, marked by growth in book value, earnings, and liquidity.
Strategic investments in securitizations, home equity loans, and Arc Home profitability position MITT for sustained growth.
Challenges in prepayment impacts and market dynamics require careful navigation, while opportunities in capital deployment and revenue diversification are key focus areas.

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Ares Commercial Real Estate

AGNC Investment

ARMOUR Residential REIT

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Capital Southwest

Dynex Capital

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Gladstone Investment

Granite Point Mortgage Trust

Invesco Mortgage Capital

Main Street Capital

MFA Financial

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New York Mortgage Trust

Blue Owl Capital Corp

Orchid Island Capital

PennantPark Floating Rate Capital

PennyMac Mortgage Investment

Prospect Capital

Ready Capital Corp

Rithm Capital Corp

Solar Capital

TCP Capital

Two Harbors Investment

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

Western Asset Mortgage Capital

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Western Asset Mortgage Capital Corporation (NYSE: WMC) to AG Mortgage Investment Trust, Inc. (NYSE: MITT). Under the terms of the proposed transaction, shareholders of Western Asset are expected to own approximately 31% of the combined company. KSF is seeking to determine whether the consideration and the proc.

WESTERN ASSET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Western Asset Mortgage Capital Corporation - WMC

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Walgreens

Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

Readers Post 32 August Dividend Buy Candidates

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the third quarter 2023. The dividend is payable on October 31, 2023 to shareholders of record at the close of business on September 29, 2023. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio.

AG Mortgage Investment Trust, Inc. Announces Third Quarter 2023 Common Dividend of $0.18 per Share

AG Mortgage Investment Trust stock has been in rally mode recently while other mREITs have struggled. AG Mortgage Investment Trust has reported positive income metrics and covered its dividend, indicating stability. The stock is trading at a massive discount, balancing the risk-reward here.

AG Mortgage Investment: Income Name On Sale

Arbor Realty Trust

Apollo Commercial Real Estate Finance

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Kraft Heinz

Modiv

Altria

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

Triplepoint Venture Growth BDC

V.F.

Prior to July 31, my readers mentioned 39 equities in their comments on my articles. Some bad news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MO, ACRE, PFE, O, KHC, MDV, VFC, BRSP, BTI, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured July top-price upside reader faves and rogues (ReFa/Ro) were: MDV, BIIB, KHC, PARA, VFC, DIS, BRSP, BTI and MITT boasting a 47.71% average target price upside estimate.

Readers Post 20 July Dividend Buys

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of AG Mortgage Investment Trust, Inc. (NYSE: MITT) and Western Asset Mortgage Capital Corporation is fair to AG Mortgage shareholders. Halper Sadeh encourages AG Mortgage shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns.

MITT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of AG Mortgage Investment Trust, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $73 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), today announced that they have entered into a definitive merger agreement, pursuant to which MITT will acquire WMC in a fixed exchange ratio stock/ca.

AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Definitive Merger Agreement

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended June 30, 2023. Q2 2023 FINANCIAL HIGHLIGHTS $11.89 Book Value per share as of June 30, 2023 compared to $11.85 as of March 31, 2023(1) $11.52 Adjusted Book Value per share as of June 30, 2023 compared to $11.48 as of March 31, 2023(1) Increase of 0.3% from March 31, 2023 Quarterly economic return on equity of 1.9%(2) $0.17 and.

AG Mortgage Investment Trust, Inc. Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release second quarter 2023 financial results prior to market open on Monday, August 7, 2023. The Company will host a conference call to discuss the results on Monday, August 7, 2023, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789. The.

AG Mortgage Investment Trust, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC's board of directors has determined in good faith, after consultation with its financial advisors and outside legal counsel, that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) to acquire WMC is a “Parent Superior Proposal” within the meaning of WMC's merger agreement with Terra Property Trust, Inc. (“TPT”). Under the terms of MITT's.

Western Asset Mortgage Capital Corporation Board Determines AG Mortgage Investment Trust, Inc. Proposal Is Superior to Terra Property Trust, Inc. Merger Agreement

NEW YORK , July 25, 2023  /PRNewswire/ -- Terra Property Trust, Inc. ("TPT"), a real estate investment trust externally managed by a subsidiary of Mavik Capital Management, LP ("Mavik"), today announced that it has acquired approximately 5.2% of the outstanding shares of common stock of AG Mortgage Investment Trust, Inc. (NYSE: MITT) ("MITT") as of July 24, 2023, making TPT the second-largest stockholder of MITT. As disclosed in a Schedule 13D filed today by TPT and other reporting persons, TPT believes that MITT is undervalued and intends to consider all options to unlock this value in a constructive manner for its stockholders, including, without limitation, a strategic combination involving MITT.

Terra Property Trust Acquires 5.2% Stake in AG Mortgage Investment Trust to Unlock Value

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC's board of directors has determined in good faith, after consultation with its financial advisors and outside legal counsel, that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT)(“MITT”) to acquire WMC is reasonably expected to lead to a “Parent Superior Proposal” within the meaning of WMC's merger agreement with Terra Property Trust, Inc. (“TPT.

Western Asset Mortgage Capital Corporation to Engage in Discussions With AG Mortgage Investment Trust, Inc.

Underscores Compelling Strategic Benefits for WMC Stockholders Clarifies Items Contained in Press Release by AG Mortgage Investment Trust, Inc. NEW YORK , July 13, 2023 /PRNewswire/ -- Terra Property Trust, Inc. ("TPT"), an externally managed real estate investment trust ("REIT") that originates, invests in, and manages loans and assets secured by commercial real estate ("CRE"), today reaffirmed its commitment to the previously announced combination with Western Asset Mortgage Capital Corporation (NYSE: WMC), an externally managed REIT that invests in, finances, and manages a portfolio of real estate-related securities, whole loans, and other financial assets, to form a REIT that is expected to have approximately $1.2 billion in assets and $436 million of adjusted book value upon completion of the merger (prior to deducting transaction expenses) (the transactions contemplated by the Agreement are referred to herein as the "TPT Merger"). On July 13, 2023, AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it submitted an unsolicited non-binding proposal (the "MITT Proposal") to the Board of Directors of WMC to acquire WMC (the announcement and related investor deck are collectively referred to herein as the "MITT Materials").

TERRA PROPERTY TRUST REAFFIRMS INTENTION TO MERGE WITH WESTERN ASSET MORTGAGE CAPITAL CORPORATION

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) today announced that it submitted a proposal to the Board of Directors of Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) to acquire WMC for a fixed exchange ratio, representing an implied price of $9.88 per share, consisting of a stock consideration of $8.90 per share and cash consideration of $0.98 per share. The offer represents an 18.2% premium to WMC's closing share price, all based on MITT a.

AG Mortgage Investment Trust Submits Offer to Acquire Western Asset Mortgage Capital Corporation for Implied Price of $9.88 Per Share

Franklin Resources

AG Mortgage Investment Trust Inc , a real estate investment trust (REIT) managed by Angelo Gordon & Co, made a stock-and-cash offer on Thursday for Western Asset Mortgage Capital Corp , a peer managed by Franklin Resources Inc , that values it at about $300 million, including debt.

Angelo Gordon-backed REIT in $300 mln bid for Western Asset Mortgage

The article provides an update on MITT Preferreds, focusing on two of them: AG Mortgage Investment Trust 8.25% PFD SER A and AG Mortgage Investment Trust, Inc. 8% CUM PFD SER C. It's important to understand the issuer before investing. MITT seems riskier than other mREIT stocks, which is something potential investor needs to consider. For those willing to take on more risk for the 150-250bps yield bump, these Preferred stocks would be a Buy; for me, at best, a Hold.

MITT.PA And MITT.PC; Still Getting A Hold Rating At Best

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the second quarter 2023. The dividend is payable on July 31, 2023 to shareholders of record at the close of business on June 30, 2023. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of resi.

AG Mortgage Investment Trust, Inc. Announces Second Quarter 2023 Common Dividend of $0.18 per Share

AG Mortgage Investment Trust management expects increased earnings power and potential growth opportunities for the rest of the year, despite the challenges that marked the beginning of the year. MITT's book value per share decreased from $14.64 in 2021 compared to $11.39 in 2022. However, in Q1 2023, it increased from $11.39 to $11.85.

AG Mortgage: Good Signs Are Popping Up, But Still Not Enough

AG Mortgage Investment Trust Inc. (NYSE:MITT ) Q1 2023 Results Conference Call May 5, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Matthew Erdner - Jones Trading Eric Hagen - BTIG Operator Good day, and thank you for standing by.

AG Mortgage Investment Trust Inc. (MITT) Q1 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended March 31, 2023. Q1 2023 FINANCIAL HIGHLIGHTS $11.85 Book Value per share as of March 31, 2023 compared to $11.39 as of December 31, 2022(1) $11.48 Adjusted Book Value per share as of March 31, 2023 compared to $11.03 as of December 31, 2022(1) Increase of 4.1% from December 31, 2022 Quarterly economic return on equity of 5.7%(2.

AG Mortgage Investment Trust, Inc. Reports First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release first quarter 2023 financial results prior to market open on Friday, May 5, 2023. The Company will host a conference call to discuss the results on Friday, May 5, 2023, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 225-9448 at least five minutes prior to the start time. International callers should dial (203) 518-9708. The Confer.

AG Mortgage Investment Trust, Inc. Schedules First Quarter 2023 Earnings Release and Conference Call

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Prior to February 28, 2023, readers mentioned 38 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: ABT, MMM, PFE, CCAP, ACRE, CS, VFC, REFI, BRSP, and MITT, averaged 64.47% net gains from data collected 3/14/23.

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News for AG Mortgage Investment Trust Stock (MITT)