TPG Mortgage Investment Trust Inc Stock Price, News & Analysis

AG Mortgage Investment Trust (NYSE: MITT) has declared a dividend of $0.06 per common share for Q1 2021. This dividend is scheduled for payment on April 30, 2021, to shareholders on record as of the close on April 1, 2021. The company focuses on a diversified portfolio of Credit Investments and Agency RMBS, managed by AG REIT Management, a subsidiary of Angelo Gordon & Co.

AG Mortgage Investment Trust, Inc. (MITT) reported a net income of $1.16 per diluted share for Q4 2020, a significant increase from $0.44 in Q3 2020. Core earnings were $0.22 per share. As of December 31, 2020, the company's book value per share rose to $4.13, with an adjusted book value of $3.94, showing growth from previous quarters. The company reinstated its common dividend at $0.03 per share. Arc Home, in which MITT has a stake, achieved 136% year-over-year growth in origination volume, contributing to MITT's strong performance.

AG Mortgage Investment Trust (NYSE: MITT) has declared its first quarter 2021 preferred stock dividends. The Board announced a cash dividend of $0.51563 per share for the 8.25% Series A Cumulative Redeemable Preferred Stock, $0.50 for the 8.00% Series B Cumulative Redeemable Preferred Stock, and $0.50 for the 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These dividends are payable on March 17, 2021 to shareholders of record as of February 26, 2021.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its fourth quarter 2020 financial results before the market opens on February 19, 2021. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. Participants can join the call by dialing (888) 424-8151 or 1 (847) 585-4422 for international calls, using passcode 6358 711. An audio replay will be available after the call until March 21, 2021. Detailed information can be found on the Company's website.

AG Mortgage Investment Trust (NYSE: MITT) announced the tax treatment for common and preferred stock dividends declared in 2020 to assist stockholders with tax reporting. Notably, dividends declared in December 2020, payable in January 2021, are recognized for tax purposes in 2021 because there were no undistributed earnings as of December 31, 2020. The total 2020 distributions per share amounted to $2.06252 for Series A, $2.00 for Series B, and $2.00 for Series C preferred stocks. Stockholders are advised to verify their tax statements and consult tax advisors regarding individual situations.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a $0.03 dividend per common share for Q4 2020. The dividend is set to be paid on January 29, 2021, to shareholders recorded by the close of business on December 31, 2020. AG Mortgage Investment Trust is a hybrid mortgage REIT that invests in a diversified portfolio of Agency RMBS and Credit Investments, including both Residential and Commercial Investments. The firm is managed by AG REIT Management, a subsidiary of Angelo Gordon & Co., L.P.

AG Mortgage Investment Trust (MITT) announces the appointment of Dianne Hurley to its Board of Directors, effective December 1, 2020. Hurley, a seasoned real estate executive, will also serve on the Audit Committee, increasing the board to six members, four of whom are independent. Her extensive background includes roles as Chief Financial and Operations Officer at Moravian Academy and Chief Administrative Officer at A&E Real Estate. This addition is expected to strengthen the board's expertise and enhance the company's strategic direction.

AG Mortgage Investment Trust (MITT) reported strong third-quarter 2020 results, highlighting a net income of $0.44 per diluted common share and record profitability at Arc Home of $29.5 million. The company's book value surged to $3.34 per share from $2.75 at the end of the previous quarter. Total liquidity increased to $82.4 million, while the economic leverage ratio stood at 0.9x. The firm actively participated in the market, acquiring residential loans and securitizing assets, reinforcing its growth strategy.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it will release its third quarter 2020 financial results before the market opens on November 6, 2020. Following the release, the Company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Participants can access the call by dialing (888) 424-8151 or 1 (847) 585-4422 for international callers. A presentation will be available on the Company's website prior to the call, and an audio replay will be accessible until December 6, 2020.