NYSE:MITT

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Slightly overvalued with limited growth.

Risks

  • AG Mortgage Investment Trust is covered by less than 3 analysts.

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


Market Performance


7 Day Return

-1.5%

MITT

0.6%

US Mortgage REITs

-0.02%

US Market


1 Year Return

-16.5%

MITT

-7.4%

US Mortgage REITs

1.6%

US Market

MITT underperformed the Mortgage REITs industry which returned -7.4% over the past year.

MITT underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

MITTIndustryMarket
7 Day-1.5%0.6%-0.02%
30 Day1.6%0.8%2.7%
90 Day-3.2%-1.0%1.4%
1 Year-5.9%-16.5%2.6%-7.4%3.8%1.6%
3 Year33.8%-1.6%32.6%-4.4%45.2%35.8%
5 Year51.9%-14.7%55.7%-10.5%61.8%44.1%

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

1 week ago | Simply Wall St

AG Mortgage Investment Trust (NYSE:MITT) Shares Have Generated A Total Return Of 47% In The Last Five Years

Valuation

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

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AG Mortgage Investment Trust's share price is below the future cash flow value, and 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 Based on Earnings

AG Mortgage Investment Trust is overvalued based on earnings compared to the US Mortgage REITs industry average.

AG Mortgage Investment Trust is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

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

AG Mortgage Investment Trust is good value based on assets compared to the US Mortgage REITs industry average.


Next Steps

Future Growth

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

12.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AG Mortgage Investment Trust's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).

AG Mortgage Investment Trust's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).

AG Mortgage Investment Trust's revenue growth is expected to exceed the United States of America market average.

AG Mortgage Investment Trust's earnings growth is positive but not above the United States of America market average.

AG Mortgage Investment Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

AG Mortgage Investment Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

-10.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AG Mortgage Investment Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

AG Mortgage Investment Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.

AG Mortgage Investment Trust's 1-year earnings growth is negative, it can't be compared to the US Mortgage REITs industry average.


Return on Equity

AG Mortgage Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AG Mortgage Investment Trust used its assets less efficiently than the US Mortgage REITs industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if AG Mortgage Investment Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is AG Mortgage Investment Trust's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

AG Mortgage Investment Trust's level of debt (410.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (404.9% vs 410.8% today).

Debt is not well covered by operating cash flow (2.1%, 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.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

11.79%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase AG Mortgage Investment Trust before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

AG Mortgage Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

AG Mortgage Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

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

Dividends paid are not well covered by earnings (0.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

David Roberts (57yo)

8.7yrs

Tenure

0

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  ...


Management Age and Tenure

6.0yrs

Average Tenure

41yo

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.


Board Age and Tenure

6.3yrs

Average Tenure

58.5yo

Average Age

The tenure for the AG Mortgage Investment Trust board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$826,50010 May 19
David Roberts
EntityIndividual
Role
Chief Executive Officer
Chairman of the Board
Shares50,000
Max PriceUS$16.53
BuyUS$85,25014 Feb 19
Brian Sigman
EntityIndividual
Role
Member of the Board of Directors
CFO, Treasurer & Director
Shares5,000
Max PriceUS$17.05
BuyUS$852,50014 Feb 19
David Roberts
EntityIndividual
Role
Chief Executive Officer
Chairman of the Board
Shares50,000
Max PriceUS$17.05
BuyUS$170,50014 Feb 19
Thomas Durkin
EntityIndividual
Role
Member of the Board of Directors
Chief Investment Officer & Director
Shares10,000
Max PriceUS$17.05

Ownership Breakdown


Management Team

  • David Roberts (57yo)

    Chairman of the Board

    • Tenure: 8.7yrs
  • Brian Sigman (41yo)

    CFO, Treasurer & Director

    • Tenure: 1.3yrs
    • Compensation: US$1.26m
  • Andrew Parks (47yo)

    Chief Risk Officer

    • Tenure: 10.1yrs
    • Compensation: US$157.32k
  • Raul Moreno (38yo)

    General Counsel & Secretary

    • Tenure: 3.8yrs
    • Compensation: US$415.98k
  • Karen Werbel

    Investor Relations

    • Tenure: 0yrs
  • TJ Durkin (36yo)

    Chief Investment Officer & Director

    • Tenure: 1.3yrs

Board Members

  • David Roberts (57yo)

    Chairman of the Board

    • Tenure: 8.7yrs
  • Peter Linneman (68yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$160.00k
  • Debra Hess (55yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$143.11k
  • Arthur Ainsberg (72yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$185.00k
  • Andrew Berger (73yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$170.00k
  • Joe LaManna (60yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$185.00k
  • Brian Sigman (41yo)

    CFO, Treasurer & Director

    • Tenure: 1.3yrs
    • Compensation: US$1.26m
  • TJ Durkin (36yo)

    Chief Investment Officer & Director

    • Tenure: 1.3yrs

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$510.676m
  • Shares outstanding: 32.74m
  • 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
AGMG.POTCPK (Pink Sheets LLC)8% PFD SER CUSUSDSep 2019

Biography

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 securit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:56
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.