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AG Mortgage Investment Trust

DB:8AG
Snowflake Description

High growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8AG
DB
$544M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. The last earnings update was 53 days ago. More info.


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8AG Share Price and Events
7 Day Returns
0.5%
DB:8AG
-0.2%
Global Mortgage REITs
1.8%
DE Market
1 Year Returns
6.3%
DB:8AG
1.5%
Global Mortgage REITs
-6%
DE Market
8AG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AG Mortgage Investment Trust (8AG) 0.5% -2.4% 0.8% 6.3% 27.2% 19.3%
Global Mortgage REITs -0.2% -0.3% 1.5% 1.5% 11.3% -7.8%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • 8AG outperformed the Mortgage REITs industry which returned 1.5% over the past year.
  • 8AG outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
8AG
Industry
5yr Volatility vs Market

8AG Value

 Is AG Mortgage Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AG Mortgage Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AG Mortgage Investment Trust.

DB:8AG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $17.47 * 9.5%
$1.67
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $17.47
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:8AG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.288 (1 + (1- 21%) (520.42%))
1.315
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.315 * 5.96%)
8.07%

Discounted Cash Flow Calculation for DB:8AG using Excess Returns Model Model

The calculations below outline how an intrinsic value for AG Mortgage Investment Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:8AG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.5% – 8.07%) * $17.47)
$0.26
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.26 / (8.07% - 0.23%)
$3.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $17.47 + $3.29
$20.75
DB:8AG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8AG represents 0.88847x of NYSE:MITT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88847x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 20.75 x 0.88847
€18.44
Value per share (EUR) From above. €18.44
Current discount Discount to share price of €15.02
= -1 x (€15.02 - €18.44) / €18.44
18.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AG Mortgage Investment Trust is available for.
Intrinsic value
19%
Share price is €15.02 vs Future cash flow value of €18.44
Current Discount Checks
For AG Mortgage Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AG Mortgage Investment Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AG Mortgage Investment Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AG Mortgage Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AG Mortgage Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8AG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.42
NYSE:MITT Share Price ** NYSE (2019-04-18) in USD $16.91
Global Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.42x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AG Mortgage Investment Trust.

DB:8AG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MITT Share Price ÷ EPS (both in USD)

= 16.91 ÷ -0.42

-40.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AG Mortgage Investment Trust is loss making, we can't compare its value to the Global Mortgage REITs industry average.
  • AG Mortgage Investment Trust is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does AG Mortgage Investment Trust's expected growth come at a high price?
Raw Data
DB:8AG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -40.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Global Mortgage REITs Industry PEG Ratio Median Figure of 19 Publicly-Listed Mortgage REITs Companies 1.03x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AG Mortgage Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AG Mortgage Investment Trust's assets?
Raw Data
DB:8AG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.21
NYSE:MITT Share Price * NYSE (2019-04-18) in USD $16.91
Global Mortgage REITs Industry PB Ratio Median Figure of 36 Publicly-Listed Mortgage REITs Companies 0.99x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:8AG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MITT Share Price ÷ Book Value per Share (both in USD)

= 16.91 ÷ 17.21

0.98x

* Primary Listing of AG Mortgage Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AG Mortgage Investment Trust is good value based on assets compared to the Global Mortgage REITs industry average.
X
Value checks
We assess AG Mortgage Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. AG Mortgage Investment Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8AG Future Performance

 How is AG Mortgage Investment Trust expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
83.3%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is AG Mortgage Investment Trust expected to grow at an attractive rate?
  • AG Mortgage Investment Trust's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AG Mortgage Investment Trust's earnings growth is expected to exceed the Germany market average.
  • AG Mortgage Investment Trust's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8AG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8AG Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 83.3%
DB:8AG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 36.9%
Global Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
Global Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 18.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8AG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8AG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 113 1
2020-12-31 115 2
2019-12-31 116 2
DB:8AG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 17 78 -12
2018-09-30 70 93 51
2018-06-30 90 91 63
2018-03-31 112 92 88
2017-12-31 129 59 105
2017-09-30 105 59 80
2017-06-30 120 60 90
2017-03-31 109 65 78
2016-12-31 84 53 50
2016-09-30 85 70 51
2016-06-30 39 71 4
2016-03-31 21 78 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AG Mortgage Investment Trust's earnings are expected to grow significantly at over 20% yearly.
  • AG Mortgage Investment Trust's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8AG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from AG Mortgage Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8AG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.92 1.92 1.92 1.00
2019-12-31 1.87 1.87 1.87 1.00
DB:8AG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.42
2018-09-30 1.79
2018-06-30 2.25
2018-03-31 3.15
2017-12-31 3.77
2017-09-30 2.87
2017-06-30 3.24
2017-03-31 2.80
2016-12-31 1.80
2016-09-30 1.81
2016-06-30 0.15
2016-03-31 -0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AG Mortgage Investment Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AG Mortgage Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AG Mortgage Investment Trust has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8AG Past Performance

  How has AG Mortgage Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AG Mortgage Investment Trust's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AG Mortgage Investment Trust does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AG Mortgage Investment Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AG Mortgage Investment Trust's 1-year growth to the Global Mortgage REITs industry average as it is not currently profitable.
Earnings and Revenue History
AG Mortgage Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AG Mortgage Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8AG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 17.13 -11.90 9.78
2018-09-30 69.54 50.58 9.96
2018-06-30 89.66 63.21 10.02
2018-03-31 112.02 88.22 10.07
2017-12-31 128.77 105.09 10.10
2017-09-30 105.16 79.75 10.17
2017-06-30 119.69 89.87 10.18
2017-03-31 109.21 77.78 10.16
2016-12-31 84.48 50.21 10.11
2016-09-30 85.48 50.81 10.02
2016-06-30 38.85 4.38 10.03
2016-03-31 20.67 -14.86 10.06
2015-12-31 35.08 0.35 10.14
2015-09-30 52.33 15.49 10.26
2015-06-30 75.75 38.18 10.34
2015-03-31 111.72 77.50 10.38
2014-12-31 130.21 95.93 10.38
2014-09-30 131.04 98.16 10.34
2014-06-30 112.64 81.77 10.30
2014-03-31 3.86 -30.63 10.55
2013-12-31 -7.53 -45.05 10.94
2013-09-30 -6.24 -44.07 10.98
2013-06-30 48.95 13.73 10.18
2013-03-31 161.12 133.25 8.65
2012-12-31 148.94 130.80 6.81
2012-09-30 137.16 125.86 5.42
2012-06-30 87.01 78.65 4.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AG Mortgage Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if AG Mortgage Investment Trust has efficiently used its assets last year compared to the Global Mortgage REITs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AG Mortgage Investment Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AG Mortgage Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AG Mortgage Investment Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8AG Health

 How is AG Mortgage Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AG Mortgage Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AG Mortgage Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AG Mortgage Investment Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AG Mortgage Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AG Mortgage Investment Trust Company Filings, last reported 3 months ago.

DB:8AG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 656.01 2,833.68 44.77
2018-09-30 711.87 2,925.89 40.98
2018-06-30 696.56 2,648.79 35.37
2018-03-31 705.83 2,842.86 29.87
2017-12-31 714.26 3,021.34 42.00
2017-09-30 706.63 2,713.90 62.74
2017-06-30 683.13 2,277.29 32.28
2017-03-31 664.61 1,901.80 31.32
2016-12-31 655.88 1,926.71 78.85
2016-09-30 673.37 2,266.31 92.43
2016-06-30 646.52 2,301.56 88.78
2016-03-31 646.26 2,610.04 41.11
2015-12-31 666.94 2,468.77 48.01
2015-09-30 685.94 2,616.60 73.86
2015-06-30 706.57 2,552.13 182.99
2015-03-31 725.15 2,717.83 71.26
2014-12-31 732.68 2,693.34 102.44
2014-09-30 738.31 2,745.29 125.11
2014-06-30 736.23 2,983.98 108.66
2014-03-31 715.35 3,072.34 154.15
2013-12-31 704.43 2,893.84 218.23
2013-09-30 707.83 2,968.57 168.27
2013-06-30 722.11 3,832.28 182.28
2013-03-31 800.97 4,012.99 144.99
2012-12-31 794.62 3,947.80 194.72
2012-09-30 704.48 3,881.53 181.00
2012-06-30 344.20 2,157.14 61.53
  • AG Mortgage Investment Trust's level of debt (432%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (411% vs 432% today).
  • Debt is not well covered by operating cash flow (2.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on AG Mortgage Investment Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess AG Mortgage Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AG Mortgage Investment Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8AG Dividends

 What is AG Mortgage Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.83%
Current annual income from AG Mortgage Investment Trust dividends. Estimated to be 11.83% next year.
If you bought €2,000 of AG Mortgage Investment Trust shares you are expected to receive €237 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AG Mortgage Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • AG Mortgage Investment Trust's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8AG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Global Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8AG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.00 1.00
2020-12-31 2.00 2.00
2019-12-31 2.00 3.00
DB:8AG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-15 2.000 11.677
2018-12-14 2.000 11.589
2018-09-14 2.000 11.229
2018-06-18 2.000 10.486
2018-03-15 1.900 10.546
2017-12-15 1.900 10.634
2017-09-11 1.900 9.875
2017-06-08 1.900 10.110
2017-03-10 1.900 10.401
2016-12-06 1.900 10.818
2016-09-12 1.900 11.870
2016-06-09 1.900 12.681
2016-03-10 1.900 14.191
2015-12-10 1.900 15.563
2015-09-10 2.400 15.774
2015-06-11 2.400 13.657
2015-03-12 2.400 12.687
2014-12-04 2.400 12.832
2014-09-11 2.400 12.703
2014-06-09 2.400 12.600
2014-03-05 2.400 13.286
2014-02-28 2.800 15.230
2014-02-26 2.800 15.592
2013-06-06 3.200 18.866
2013-03-05 3.200 12.768
2013-01-24 3.200 12.538
2012-09-06 3.080 12.858
2012-06-07 2.800 12.667
2012-03-14 2.800 14.144
2011-12-14 2.800 14.246
2011-09-19 1.600 8.712

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AG Mortgage Investment Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but AG Mortgage Investment Trust only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of AG Mortgage Investment Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess AG Mortgage Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AG Mortgage Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AG Mortgage Investment Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8AG Management

 What is the CEO of AG Mortgage Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Roberts
COMPENSATION $0
AGE 56
TENURE AS CEO 8.3 years
CEO Bio

Mr. David Nathan Roberts serves as the Head of Strategy and Senior Managing Director at Angelo, Gordon & Co. He joined Angelo Gordon in 1993 and is Head of Strategy and is a Managing Director. Mr. Roberts has been responsible for helping start and grow a number of the firm’s businesses, including opportunistic real estate, private equity, net lease real estate, residential mortgage-backed securities and energy lending. Within private equity, Mr. Roberts focused in particular on investments in the specialty finance area, including helping to create and serving for over 15 years as Lead Director of publicly traded PRA Group, Inc. (formerly Portfolio Recovery Associates, Inc.), an Angelo Gordon portfolio company whose primary business is the purchase, collection and management of portfolios of nonperforming loans. Prior to Angelo Gordon, he was a Principal at Gordon Investment Corporation, a Canadian merchant bank, from 1989 to 1993, where he participated in a wide variety of principal transactions. He also worked in the Corporate Finance Department at L.F. Rothschild where he specialized in mergers and acquisitions. Mr. Roberts has a B.S. degree from The Wharton School of the University of Pennsylvania, 1980-1983.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • David's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AG Mortgage Investment Trust management team in years:

5.6
Average Tenure
40
Average Age
  • The average tenure for the AG Mortgage Investment Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Roberts

TITLE
Chairman of the Board
AGE
56
TENURE
8.3 yrs

Brian Sigman

TITLE
CFO, Treasurer & Director
COMPENSATION
$1M
AGE
40
TENURE
5.6 yrs

TJ Durkin

TITLE
Chief Investment Officer & Director
AGE
35
TENURE
1.5 yrs

Raul Moreno

TITLE
General Counsel & Secretary
COMPENSATION
$416K
AGE
37
TENURE
3.4 yrs

Andrew Parks

TITLE
Chief Risk Officer
COMPENSATION
$157K
AGE
46
TENURE
9.7 yrs

Karen Werbel

TITLE
Investor Relations
Board of Directors Tenure

Average tenure and age of the AG Mortgage Investment Trust board of directors in years:

5.9
Average Tenure
57.5
Average Age
  • The tenure for the AG Mortgage Investment Trust board of directors is about average.
Board of Directors

David Roberts

TITLE
Chairman of the Board
AGE
56
TENURE
6.9 yrs

Brian Sigman

TITLE
CFO, Treasurer & Director
COMPENSATION
$1M
AGE
40
TENURE
0.9 yrs

TJ Durkin

TITLE
Chief Investment Officer & Director
AGE
35
TENURE
0.9 yrs

Andrew Berger

TITLE
Independent Director
COMPENSATION
$170K
AGE
72
TENURE
7.8 yrs

Joe LaManna

TITLE
Lead Independent Director
COMPENSATION
$185K
AGE
59

Arthur Ainsberg

TITLE
Independent Director
COMPENSATION
$185K
AGE
71
TENURE
5.9 yrs

Peter Linneman

TITLE
Independent Director
COMPENSATION
$160K
AGE
67
TENURE
7.8 yrs

Debra Hess

TITLE
Independent Director
COMPENSATION
$143K
AGE
54
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AG Mortgage Investment Trust insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Feb 19 Buy Brian Sigman Individual 11. Feb 19 11. Feb 19 5,000 €15.11 €75,574
14. Feb 19 Buy David Roberts Individual 11. Feb 19 11. Feb 19 50,000 €15.11 €755,741
14. Feb 19 Buy Thomas Durkin Individual 11. Feb 19 11. Feb 19 10,000 €15.11 €151,148
X
Management checks
We assess AG Mortgage Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AG Mortgage Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8AG News

Simply Wall St News

8AG Company Info

Description

AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties. The Securities and Loans segment invests in residential mortgage-backed securities; residential investments, including credit risk transfer securities, mortgage-backed securities collateralized by re-performing mortgage loans and/or non-performing mortgage loans, and new origination loans, as well as re-performing mortgage loans and/or non-performing mortgage loans; commercial investments, such as commercial mortgage-backed securities (CMBS), interest-only securities, and CMBS principal-only securities; and asset backed securities comprising investment grade and non-investment grade debt and equity tranches of securitizations collateralized by various asset classes. The Single-Family Rental Properties segment operates single-family rental properties, as well as provides property management services. Its portfolio includes 1,225 properties located in the Southeast United States. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.

Details
Name: AG Mortgage Investment Trust, Inc.
8AG
Exchange: DB
Founded: 2011
$484,167,299
32,199,742
Website: http://www.agmit.com
Address: AG Mortgage Investment Trust, Inc.
245 Park Avenue,
26th Floor,
New York,
New York, 10167,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MITT Common Stock New York Stock Exchange US USD 30. Jun 2011
DB 8AG Common Stock Deutsche Boerse AG DE EUR 30. Jun 2011
NYSE MITT.PRA 8.25% PFD SER A New York Stock Exchange US USD 31. Jul 2012
NYSE MITT.PRB PFD SER B 8.00% New York Stock Exchange US USD 21. Sep 2012
Number of employees
Current staff
Staff numbers
0
AG Mortgage Investment Trust employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:29
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.