AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The firm conducts its business through the following segments: Securities and Loans and Single-Family Rental Properties. Its portfolios include Agency RMBS, Residential Investments, Commercial Investments, and ABS. The company was founded on March 1, 2011 and is headquartered in New York, NY.

Earnings data Q1 2024

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NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced today that it has completed the previously announced acquisition of Western Asset Mortgage Capital Corporation (“WMC”) via merger with a wholly owned subsidiary of MITT. December 5, 2023 was the last day on which WMC's common stock was publicly traded and prior to the opening of trading on December 6, 2023, its common stock will be suspended from trading on the NYSE. “The completion of the WMC acquisit.

AG Mortgage Investment Trust, Inc. Completes Acquisition of Western Asset Mortgage Capital Corporation

Western Asset Mortgage Capital

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (“MITT”) (NYSE: MITT) at a special meeting of stockholders of WMC held today. Approximately 55% of the issued and outstanding shares of WMC common stock entitled to vote at the special meeting of stockholders of WMC voted in favor of the adoptio.

Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust

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U.S. equity markets continued their November rally into the Thanksgiving week, while benchmark interest rates held steady around two-month lows as investors weighed easing geopolitical tensions alongside mixed economic data. Gaining for a fourth straight week since dipping into "correction territory" at the end of October, the S&P 500 gained another 1.0% this week, while the tech-heavy Nasdaq 100 advanced 0.9%. Following a nearly 5% surge in the prior week, real estate equities also finished modestly higher this week. The Equity REIT Index advanced another 0.8%, but Mortgage REITs slipped 0.2%.

A November To Remember

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.05 per common share in light of the adjournment of the special meeting of Western Asset Mortgage Capital Corporation (“WMC”) stockholders until December 5, 2023. The dividend is payable on January 2, 2024, to stockholders of record as of November 30, 2023. MITT expects to declare its remaining fourth quarter dividen.

AG Mortgage Investment Trust, Inc. Announces Second Interim Fourth Quarter Common Dividend of $0.05 Per Share

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Prior to September 30, 2023, my Readers mentioned 36 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MVRL, FSK, T, RC, MO, BRSP, AHOTF, AB, WBA, and MITT averaged 56.52% net gains from reader data collected 11/15/23. Ten analyst-target-augured October TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: ABR, MMM, RC, O, BRSP, MO, T, AB, WBA, & MITT boasting a 47.19% average target price upside estimate.

Readers Post 31 October Dividend Buy Candidates

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REITs experienced significant gains, outperforming other sectors. Investors are hesitant to own REITs during rising interest rates but don't want to miss out when rates fall. There's no time between rates falling and REITs rising. Lower interest rates can lead to higher profits and dividend growth for equity REITs, making them more attractive to income-seeking investors.

REITs To The Moon

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Trevor Cranston - JMP Securities Bose George - KBW Matthew Erdner - JonesTrading Operator Good day and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2023. Q3 2023 FINANCIAL HIGHLIGHTS $11.37 Book Value per share as of September 30, 2023 compared to $11.89 as of June 30, 2023(1) $11.00 Adjusted Book Value per share as of September 30, 2023 compared to $11.52 as of June 30, 2023(1) Decrease of (4.5)% from June 30, 2023 Transaction expenses of $7.6 million or $(0.

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that at the special meeting of stockholders held today its stockholders approved the issuance of MITT's common stock pursuant to the terms of the previously announced merger agreement with Western Asset Mortgage Capital Corporation (“WMC”). Pursuant to the merger agreement, MITT will acquire WMC through WMC's merger with and into a wholly owned subsidiary of MITT (the “Merger”). The Merger is expected.

AG Mortgage Investment Trust, Inc. Stockholders Approve Issuance of Common Stock in Merger With Western Asset Mortgage Capital Corporation

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release third quarter 2023 financial results after market close on Tuesday, November 7, 2023. The Company will host a conference call to discuss the results on Tuesday, November 7, 2023, at 5:00 p.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789.

AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (the “Company,” “we,” or “MITT”) (NYSE: MITT) announced today that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that stockholders vote “FOR” the proposed merger with Western Asset Mortgage Capital Corporation (“WMC”), in which each outstanding share of WMC common stock will be converted into the right to receive (i) 1.498 shares of MITT common stock and (ii) the per share portion of a cash pa.

Leading Independent Proxy Advisory Firm ISS Recommends AG Mortgage Investment Trust Stockholders Vote “FOR” the Proposed Merger With Western Asset Mortgage Capital Corporation

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared an interim fourth quarter dividend of $0.08 per common share. The dividend is payable on November 8, 2023 to stockholders of record as of November 3, 2023. MITT expects to declare its remaining fourth quarter dividend in the ordinary course in December 2023. The interim fourth quarter dividend is being made pursuant to the terms of the previously announced Agree.

AG Mortgage Investment Trust, Inc., Announces Interim Fourth Quarter Common Dividend of $0.08 Per Share

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $74 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), jointly announced today that they have determined the final exchange ratio in accordance with the terms of the Agreement and Plan of Merger, dated as.

AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Final Exchange Ratio for Proposed Merger

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Volatility in Treasuries is causing issues for analysts as it affects share prices and fundamentals. The market forecast for inflation has not changed significantly in the last six months, indicating belief that inflation is under control. Mortgage REITs are experiencing declines in book values, particularly agency mortgage REITs, due to interest rate risk.

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Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Western Asset Mortgage Capital Corporation (NYSE: WMC) to AG Mortgage Investment Trust, Inc. (NYSE: MITT). Under the terms of the proposed transaction, shareholders of Western Asset are expected to own approximately 31% of the combined company. KSF is seeking to determine whether the consideration and the proc.

WESTERN ASSET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Western Asset Mortgage Capital Corporation - WMC

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Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

Readers Post 32 August Dividend Buy Candidates

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the third quarter 2023. The dividend is payable on October 31, 2023 to shareholders of record at the close of business on September 29, 2023. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio.

AG Mortgage Investment Trust, Inc. Announces Third Quarter 2023 Common Dividend of $0.18 per Share

AG Mortgage Investment Trust stock has been in rally mode recently while other mREITs have struggled. AG Mortgage Investment Trust has reported positive income metrics and covered its dividend, indicating stability. The stock is trading at a massive discount, balancing the risk-reward here.

AG Mortgage Investment: Income Name On Sale

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Prior to July 31, my readers mentioned 39 equities in their comments on my articles. Some bad news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MO, ACRE, PFE, O, KHC, MDV, VFC, BRSP, BTI, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured July top-price upside reader faves and rogues (ReFa/Ro) were: MDV, BIIB, KHC, PARA, VFC, DIS, BRSP, BTI and MITT boasting a 47.71% average target price upside estimate.

Readers Post 20 July Dividend Buys

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of AG Mortgage Investment Trust, Inc. (NYSE: MITT) and Western Asset Mortgage Capital Corporation is fair to AG Mortgage shareholders. Halper Sadeh encourages AG Mortgage shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns.

MITT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of AG Mortgage Investment Trust, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $73 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), today announced that they have entered into a definitive merger agreement, pursuant to which MITT will acquire WMC in a fixed exchange ratio stock/ca.

AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Definitive Merger Agreement

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended June 30, 2023. Q2 2023 FINANCIAL HIGHLIGHTS $11.89 Book Value per share as of June 30, 2023 compared to $11.85 as of March 31, 2023(1) $11.52 Adjusted Book Value per share as of June 30, 2023 compared to $11.48 as of March 31, 2023(1) Increase of 0.3% from March 31, 2023 Quarterly economic return on equity of 1.9%(2) $0.17 and.

AG Mortgage Investment Trust, Inc. Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release second quarter 2023 financial results prior to market open on Monday, August 7, 2023. The Company will host a conference call to discuss the results on Monday, August 7, 2023, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789. The.

AG Mortgage Investment Trust, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

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