AG Mortgage Invt Stock Price, News & Analysis

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.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its third quarter 2021 financial results on November 5, 2021, before market opening. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Participants can dial 1 (888) 424-8151 or for international calls, 1 (847) 585-4422. An audio replay will be accessible from November 6 to December 5, 2021. AG Mortgage focuses on a diversified portfolio of Residential Investments and Agency RMBS, managed by AG REIT Management, LLC.

AG Mortgage Investment Trust (NYSE: MITT) announced the full repayment of its last commercial loan, generating $48.2 million in liquidity. This transaction recovered $54.0 million from Commercial Loan L, surpassing its June 30, 2021 fair value of $43.9 million. Net proceeds will enhance the Company's transition to a residential mortgage credit REIT, enabling growth through sourcing Non-Agency loans and securitizations. The Company expects increased momentum in residential investments and returns for shareholders.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q3 2021. The dividend will be payable on October 29, 2021 to shareholders on record as of September 30, 2021. The company focuses on diversified investments in Credit Investments and Agency RMBS, managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., which manages approximately $44 billion in assets. For more information, visit www.agmit.com.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it has fully repaid Commercial Loan K, resulting in net proceeds of $20.1 million. This repayment contributes an additional $0.07 per share to the Company’s book value of $15.18 as of June 30, 2021. The Company aims to reallocate capital towards its Residential Credit origination business. President T. J. Durkin highlighted this as a milestone in transitioning to a pure play residential credit mortgage REIT, which will enhance liquidity for further investment opportunities.

AG Mortgage Investment Trust, Inc. (MITT) reported its Q2 2021 financial results, showcasing a 3% increase in Adjusted Book Value to $14.72 per share. Key highlights include a $2.0 billion investment portfolio and a 4.6% economic return. The company purchased $446 million in Non-QM loans and maintained a 2.2x economic leverage ratio. Total liquidity rose to $70.8 million. However, net income fell sharply to $0.70 per share, down from $2.74 in the previous quarter.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its second quarter 2021 financial results on July 30, 2021, before market open. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Participants can join the call by dialing 1 (888) 424-8151 or 1 (847) 585-4422 for international calls, using passcode 7868 403. An audio replay will be available from July 31 through August 29, 2021. The Company invests in a diversified portfolio of Credit Investments and Agency RMBS.