NYSE:MITT

Stock Analysis Report

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Executive Summary

AG Mortgage Investment Trust, Inc., a real estate investment trust, invests in a portfolio of residential mortgage-backed securities and credit investments in the United States. More Details


Snowflake Analysis

Mediocre balance sheet with limited growth.


Similar Companies

Share Price & News

How has AG Mortgage Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MITT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.1%

MITT

-1.3%

US Mortgage REITs

-0.7%

US Market


1 Year Return

-82.0%

MITT

-37.3%

US Mortgage REITs

19.9%

US Market

Return vs Industry: MITT underperformed the US Mortgage REITs industry which returned -37.3% over the past year.

Return vs Market: MITT underperformed the US Market which returned 19.9% over the past year.


Shareholder returns

MITTIndustryMarket
7 Day-1.1%-1.3%-0.7%
30 Day-1.4%-1.9%5.8%
90 Day-14.6%4.2%8.3%
1 Year-81.5%-82.0%-30.3%-37.3%22.7%19.9%
3 Year-81.8%-85.9%-20.4%-42.7%43.5%33.9%
5 Year-71.3%-82.6%16.6%-33.0%86.9%65.8%

Price Volatility Vs. Market

How volatile is AG Mortgage Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AG Mortgage Investment Trust undervalued compared to its fair value and its price relative to the market?

1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MITT ($2.74) is trading above our estimate of fair value ($1.3)

Significantly Below Fair Value: MITT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MITT is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.

PE vs Market: MITT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MITT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MITT is overvalued based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (0.8x).


Next Steps

Future Growth

How is AG Mortgage Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

70.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MITT's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if MITT's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MITT's revenue (70.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: MITT's revenue (70.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MITT's Return on Equity is forecast to be low in 3 years time (6.4%).


Next Steps

Past Performance

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

-53.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MITT is currently unprofitable.

Growing Profit Margin: MITT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MITT is unprofitable, and losses have increased over the past 5 years at a rate of 53.6% per year.

Accelerating Growth: Unable to compare MITT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MITT is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).


Return on Equity

High ROE: MITT has a negative Return on Equity (-119.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is AG Mortgage Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: MITT's short term assets ($583.8M) exceed its short term liabilities ($37.9M).

Long Term Liabilities: MITT's short term assets ($583.8M) exceed its long term liabilities ($452.3M).


Debt to Equity History and Analysis

Debt Level: MITT's debt to equity ratio (123.2%) is considered high.

Reducing Debt: MITT's debt to equity ratio has reduced from 361.6% to 123.2% over the past 5 years.

Debt Coverage: MITT's debt is not well covered by operating cash flow (10%).

Interest Coverage: Insufficient data to determine if MITT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

10.64%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MITT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MITT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MITT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MITT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MITT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MITT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

David Roberts (58 yo)

9.75yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
David Roberts
Chairman of the Board9.75yrsno data1.03%
$ 965.1k
Brian Sigman
CFO & Treasurer7.08yrsUS$623.08k0.13%
$ 124.7k
Thomas Durkin
Chief Investment Officer & Director2.42yrsno data0.20%
$ 187.7k
Raul Moreno
General Counsel & Secretary4.92yrsUS$400.05k0.016%
$ 14.8k
Andrew Parks
Chief Risk Officer11.17yrsUS$202.22kno data
Alison Halpern
Chief Accounting Officer & Controller0.83yrno datano data
Karen Werbel
Investor Relationsno datano datano data

6.0yrs

Average Tenure

40.5yo

Average Age

Experienced Management: MITT's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Roberts
Chairman of the Board9.75yrsno data1.03%
$ 965.1k
Thomas Durkin
Chief Investment Officer & Director2.42yrsno data0.20%
$ 187.7k
Peter Linneman
Independent Director9.25yrsUS$166.69k0.16%
$ 148.0k
Debra Hess
Independent Director2.67yrsUS$176.72k0.11%
$ 105.8k
Joseph LaManna
Lead Independent Directorno dataUS$188.32k0.19%
$ 173.8k

5.5yrs

Average Tenure

58yo

Average Age

Experienced Board: MITT's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

AG Mortgage Investment Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AG Mortgage Investment Trust, Inc.
  • Ticker: MITT
  • Exchange: NYSE
  • Founded: 2011
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$93.803m
  • Shares outstanding: 34.23m
  • Website: https://www.agmit.com

Location

  • AG Mortgage Investment Trust, Inc.
  • 245 Park Avenue
  • 26th Floor
  • New York
  • New York
  • 10167
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MITTNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2011
8AGDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2011
MITT.PRANYSE (New York Stock Exchange)8.25% PFD SER AUSUSDJul 2012
MITT.PRBNYSE (New York Stock Exchange)PFD SER B 8.00%USUSDSep 2012
MITT.PRCNYSE (New York Stock Exchange)8% CUM PFD SER CUSUSDSep 2019

Biography

AG Mortgage Investment Trust, Inc., a real estate investment trust, invests in a portfolio of residential mortgage-backed securities and credit investments in the United States. Its investment portfolio in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 07:09
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.