Added to YB: 2024-04-04
Pitch date: 2024-02-17
MITT-PB [bullish]
AG Mortgage Investment Trust, Inc.
+70.12%
current return
Author Info
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Company Info
AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States.
Market Cap
$198.7M
Pitch Price
$4.94
Price Target
25.00 (+197%)
Dividend
11.34%
EV/EBITDA
N/A
P/E
5.45
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
special_situation
Show full summary:
AG Mortgage Investment Trust, Inc. - $MITT-PB
MITT-PB: MITT pref B at $19, 76% of $25 par w/ 8% div. Recent WMC merger improves credit via $100M equity raise & $5-7M cost saves. Trades wide vs mREIT peers. Catalyst: strong Q4 + cost saves realized. Upside: par + divs = 20-25% 1yr return.
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