TPG Mortgage Investment Trust Inc Stock Price, News & Analysis

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.

AG Mortgage Investment Trust (MITT) reported Q2 2022 financial results with a book value per share of $11.48, down from $13.68 in Q1 2022, marking a decrease of 16.6%. The net income reported was $(2.27) per share, with core earnings at $0.08 per share. A dividend of $0.21 per share was declared. Total investments rose to $4.1 billion, while total financing increased to $3.4 billion. Key management noted market challenges but emphasized opportunities for growth through securitizations. A $15 million stock repurchase program was approved on August 3, 2022.

AG Mortgage Investment Trust (NYSE: MITT) will announce its second quarter 2022 financial results on August 3, 2022, after market close. A conference call will follow at 5:00 PM ET the same day for discussion of these results. Participants can register via a specified number and access a presentation on the company's website. For those unable to attend live, an audio replay will be accessible from August 3 through September 3, 2022. AG Mortgage focuses on a diversified portfolio of U.S. residential mortgage-related assets.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a second-quarter 2022 dividend of $0.21 per common share. This dividend is payable on July 29, 2022 to shareholders of record by the close of business on June 30, 2022. As a residential mortgage REIT, the company focuses on investing in a diversified portfolio of residential mortgage-related assets within the U.S. market, managed by AG REIT Management, a subsidiary of Angelo Gordon & Co.

AG Mortgage Investment Trust (MITT) reported its Q1 2022 financial results, showing a book value per share of $13.68, down from $14.64 in Q4 2021. The economic return on equity was negative at (5.2)% with a net income loss of $(0.74) per share. The Company executed three securitizations, enhancing liquidity during a challenging quarter, while maintaining a $3.7 billion investment portfolio and $137.9 million in liquidity. A quarterly dividend of $0.21 was declared, and the management remains optimistic about long-term growth despite current challenges.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its first quarter 2022 financial results before the market opens on May 6, 2022. A conference call will follow at 8:30 a.m. Eastern Time on the same day to discuss these results. Participants can access the call by dialing 1 (866) 374-5140 for domestic calls or 1 (404) 400-0571 for international callers. A replay will be available from May 9 to June 5, 2022. The company focuses on investing in a diversified portfolio of residential mortgage-related assets in the U.S. market.

AG Mortgage Investment Trust announces the nomination of Matthew Jozoff to its Board of Directors, set for election on May 2, 2022. Mr. Jozoff brings over 30 years of experience in mortgage origination and securitization, previously serving in senior roles at J.P. Morgan and Goldman Sachs. His expertise aligns with MITT's strategy as a pure-play residential mortgage REIT. Additionally, the Board will undergo governance changes following Joseph LaManna's decision not to seek reelection, with Debra Hess appointed as Lead Independent Director.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q1 2022. This dividend will be payable on April 29, 2022 to shareholders on record as of the close of business on March 31, 2022. The company focuses on investing in a diversified portfolio of residential mortgage-related assets in the U.S. mortgage market and is externally managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., which manages approximately $51 billion in assets.