NYSE:MITTMortgage REITs
AG Mortgage Investment Trust (MITT): Net Profit Margin Drops to 32.2%, Testing Bullish Value Narrative
AG Mortgage Investment Trust (MITT) reported a forecasted earnings growth of 19.6% per year, outpacing the US market’s expected 15.8% rate. Revenue is projected to rise by 7.6% per year, which trails the 10.4% market average, while the net profit margin now sits at 32.2%, down from 72.2% the year before. With shares trading at a Price-To-Earnings ratio of 8.8x, below peers and the broader industry, investors are weighing MITT’s attractive valuation and strong recent earnings trajectory...