Welcome to our dedicated page for AG Mortgage Invt news (Ticker: MITT), a resource for investors and traders seeking the latest updates and insights on AG Mortgage Invt stock.
AG Mortgage Investment Trust Inc (MITT) is a New York-based REIT specializing in residential mortgage-backed securities. This dedicated news hub provides investors with essential updates on corporate developments, financial disclosures, and market trends impacting MITT's portfolio strategy.
Access verified press releases and analysis covering dividend announcements, asset acquisitions, and regulatory compliance matters. Our curated news selection helps stakeholders monitor MITT's risk management practices and responses to U.S. housing market dynamics.
Key content includes earnings call transcripts, SEC filings, and executive commentary on RMBS valuation trends. Bookmark this page for real-time updates on MITT's operational milestones and strategic positioning within the mortgage REIT sector.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) successfully completed a 1-for-3 reverse stock split on July 22, 2021. This action reduced the number of outstanding shares from approximately 48.5 million to 16.2 million, while the company’s stock will continue to trade under the symbol "MITT" on the NYSE. No fractional shares were issued; instead, cash will be provided for any fractional entitlements. Stockholders will receive detailed information from American Stock Transfer & Trust Company regarding their ownership following this split.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has announced a 1-for-3 reverse stock split approved by its Board of Directors, effective after July 22, 2021. This means that three shares will convert into one. The trading of the common stock will begin on a post-split basis on July 23, 2021, under a new CUSIP number. Stockholders will receive cash for any fractional shares instead of receiving those shares. The split does not impact stockholders' ownership percentages, except for minor adjustments from cash payments.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) declared a dividend of $0.07 per common share for Q2 2021, payable on July 30, 2021 to shareholders on record by June 30, 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. With a strategy aimed at risk-adjusted investments, AG Mortgage Investment Trust plays a significant role in the mortgage REIT sector, enhancing potential returns for its shareholders.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the declaration of second quarter 2021 preferred stock dividends. The Board declared a cash dividend of $0.51563 per share for its 8.25% Series A Cumulative Redeemable Preferred Stock, $0.50 for its 8.00% Series B Cumulative Redeemable Preferred Stock, and $0.50 for its 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These dividends are payable on June 17, 2021 to shareholders on record as of May 28, 2021.
AG Mortgage Investment Trust, Inc. (MITT) reported financial results for Q1 2021, showing a Book Value of $4.92 and an Adjusted Book Value of $4.76 per share, up from $4.13 and $3.94 at the end of 2020. The Quarterly Economic Return was 22.3%. However, Net Income per diluted common share decreased to $0.91 from $1.16 in Q4 2020, while Core Earnings fell to $0.08 from $0.22. The investment portfolio grew to $1.9 billion, focusing on residential investments. The company raised $10 million through a share issuance.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its first quarter 2021 financial results on May 6, 2021, before market open. A conference call to discuss these results will follow at 8:30 a.m. Eastern Time on the same day. Interested parties can join the call by dialing (888) 424-8151 or for international calls at 1 (847) 585-4422, using passcode 9351 300. A presentation will be available on the Company's website prior to the call, with an audio replay accessible from May 7 to June 5, 2021.
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.
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