AG Mortgage Invt Stock Price, News & Analysis

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.

AG Mortgage Investment Trust (MITT) reported financial results for Q4 and full year 2021, highlighting a book value per share growth to $14.64 from $12.40 in 2020. The adjusted book value also rose to $14.32 from $11.81, marking a 21% increase year-over-year. Key achievements included executing five Non-QM securitizations and raising $80 million through a public offering. Despite these gains, the Q4 economic return on equity dipped to -11.7%, with net income per diluted share at $0.33 and a core loss of $(0.05).

AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its fourth quarter 2021 financial results on February 24, 2022, before market open. A conference call to discuss the results will take place on the same day at 8:30 a.m. ET. Participants can join the call by dialing 1 (888) 424-8151, with international callers using 1 (847) 585-4422. An accompanying presentation will be available on the company’s website. An audio replay will be accessible from February 25 to March 26, 2022.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the tax treatment of its 2021 common and preferred stock dividends. This announcement aims to assist stockholders with tax reporting requirements for their taxable income. Important details include dividend amounts and classifications for tax purposes following a reverse stock split completed on July 22, 2021. Stockholders should refer to their tax documents for verification and may consult tax advisors for personalized guidance.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a $0.21 dividend per common share for the fourth quarter of 2021. This dividend is payable on January 31, 2022, to shareholders on record as of December 31, 2021. The company focuses on investing in a diversified portfolio of residential investments and Agency RMBS, and is externally managed by AG REIT Management, LLC, a subsidiary of Angelo Gordon & Co., which manages approximately $48 billion in assets.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has announced a public offering of 7,000,000 shares at $10.25 per share, generating gross proceeds of approximately $71.8 million. The offering includes a 30-day option for underwriters to purchase an additional 1,050,000 shares. The proceeds will primarily fund the acquisition of four non-agency residential mortgage loan pools valued at $530.7 million. Key participants like AG REIT Management, LLC will purchase 700,000 shares, and CEO David N. Roberts will acquire 200,000 shares.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has launched a public offering of 7 million shares, with an option for underwriters to buy an additional 1.05 million shares. The Manager will purchase 700,000 shares, while CEO David N. Roberts will acquire 200,000 shares. The offering aims to raise approximately $50.6 million to acquire four non-agency residential mortgage loan pools worth around $530.7 million. The offering is underpinned by the Company's effective shelf registration statement with the SEC.

AG Mortgage Investment Trust (MITT) reported a strong Q3 2021 with a 12% increase in adjusted book value per share, now at $16.45. The company's investment portfolio rose to $2.2 billion, up from $2.0 billion in Q2. Notably, the quarterly economic return reached 13.2%, a significant rise from 4.6% previously. The liquidity position improved to $143.6 million, highlighting effective management post-exit from legacy commercial investments. The company also declared a $0.21 dividend and showed strong performance in non-agency loan purchases.