Stock of the Day

December 10, 2021

AG Mortgage Investment Trust (MITT)

$7.66
-$0.16 (-2.0%)
Market Cap: $248.38M

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities. 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. AG Mortgage Investment Trust, Inc. was incorporated in 2011 and is based in New York, New York.

Today's Trend

AG Mortgage Investment Trust, Inc. (NYSE:MITT) is trading lower today after mixed Q4 results and active repositioning news drove higher volume. Investors are weighing a slight earnings/revenue miss against management’s plan to rotate capital toward higher‑return home equity assets and a recent analyst price‑target upgrade.

  • JonesTrading raised its price target from $8.50 to $9.00 and keeps a "buy" rating, giving the stock visible analyst support and a modest upside case. JonesTrading price target raise
  • Management signaled a targeted $35 million capital rotation via call rights and said it will emphasize home‑equity exposures in 2026 — a strategic shift that could lift yields if execution goes to plan. Capital rotation and strategy article
  • Earnings call/transcripts are available and show management commentary; some outlets report the quarter as a slight EPS beat versus an alternate consensus calculation (InsiderMonkey/Seeking Alpha transcripts), but the messaging is nuanced and mostly reiterates the capital‑rotation plan. Earnings call transcript
  • High intraday volume indicates investors are actively re‑pricing risk/reward as the company repositions its portfolio; watch whether management follows through on the $35M rotation and the pace of home‑equity deployments. (Conference call materials posted by the company provide more detail.) Company press release / slide deck
  • Reported EPS of $0.25 compared with many analysts’ consensus of $0.26 (a $0.01 miss) and revenue of $22.98M vs. expected $23.16M — a small but clear miss that likely pressured sentiment. Earnings/revenue miss report
  • Market reaction: heavier-than-normal trading and a midday price decline suggest short‑term selling as some investors focus on the quarter’s miss and execution risk around the portfolio shift. MarketBeat earnings summary

What to watch next: follow management’s execution on the $35M rotation and any updates on portfolio yield/coverage metrics, and monitor analyst revisions after the quarter — these will likely drive the next leg of price movement for MITT.