By MarketNewsVideo Ryland Group (RYL) maintained its quarterly dividend of 3 cents per share. The dividend is payable on April 30, 2013, to common stockholders of record on April 15, 2013. …read more
Source: FULL ARTICLE at Forbes Markets
Tag Archives: MITT
AG Mortgage Investment Trust, Inc. Reports Fourth Quarter Earnings
By Business Wirevia The Motley Fool
Filed under: Investing
AG Mortgage Investment Trust, Inc. Reports Fourth Quarter Earnings
NEW YORK–(BUSINESS WIRE)– AG Mortgage Investment Trust, Inc. (“MITT” or the “Company”) (NYS: MITT) today reported core earnings of $19.8 million and net income available to common stockholders of $14.6 million for the quarter ended December 31, 2012. AG Mortgage Investment Trust, Inc. is an actively managed REIT that opportunistically invests in a diversified risk-adjusted portfolio of Agency RMBS, Non-Agency RMBS, ABS, CMBS, commercial loans and other real estate related assets. A reconciliation of core earnings to net income appears at the end of this press release.
FINANCIAL HIGHLIGHTS
See footnotes at the end of this press release
- Net income available to common stockholders of $0.62 per share (6) for the quarter and $7.18 per share for the year
- Core Earnings of $0.85 per share for the quarter and $3.48 per share for the year
- Net realized gains of $0.66 per share for the quarter and $1.62 per share for the year
- $0.80 per share common dividend declared for the quarter and $2.97 per share for the year
- $2.15 per share of undistributed taxable income (1)
- Increase of $0.96 per share from September 30, 2012
- $23.47 net book value per share as of December 31, 2012 (1), net of the fourth quarter dividend
- $2.95 per share increase from $20.52 as of December 31, 2011
- 31.4% return on stock in 2012
- Raised approximately $91.2 million of gross proceeds through a common stock offering during the quarter
- 49% of warrants outstanding exercised as of December 31, 2012
INVESTMENT HIGHLIGHTS
- $4.9 billion investment portfolio value as of December 31, 2012 (2) (4)
- 77.8% Agency RMBS …read more
Source: FULL ARTICLE at DailyFinance
- 77.8% Agency RMBS …read more
Top Analyst Upgrades and Downgrades (MITT, A, ALTR, APOL, CLF, CBRL, EVEP, FLO, HIIQ, MTG, NFLX, YHOO)
Filed under: Earnings
These are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls.
A.G. Mortgage Investment Trust (NYSE: MITT) started as Neutral at Credit Suisse.
Agilent Technologies Inc. (NYSE: A) started as Outperform with $48 target at Credit Suisse.
Altera Corp. (NASDAQ: ALTR) named bear of the day due to weakening demand for its products and increased competition at Zacks Investment Research.
Apollo Group Inc. (NASDAQ: APOL) raised to Hold at Deutsche Bank.
Cliffs Natural Resources Inc. (NYSE: CLF) cut to Market Perform at BMO.
Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) reiterated Buy and raised price target by $10 to $88 at Argus.
EV Energy Partners L.P. (NASDAQ: EVEP) raised to Outperform with $57 target at Credit Suisse.
Flowers Foods Inc. (NYSE: FLO) named Bull of the Day because of growing market share and expanding margins at Zacks Investment Research.
Health Insurance Innovations Inc. (NASDAQ: HIIQ) started as Outperform with $17 price target at Credit Suisse.
MGIC Investment Corp. (NYSE: MTG) raised to Overweight from Underweight at Barclays.
Netflix Inc. (NASDAQ: NFLX) started as Outperform at RBC.
Yahoo! Inc. (NASDAQ: YHOO) raised to Buy at Cantor Fitzgerald.
Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: A, ALTR, APOL, CBRL, CLF, EVEP, FLO, HIIQ, MITT, MTG, NFLX, YHOO
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Why AG Mortgage Investment Trust Is a Top 10 Dividend Stock
AG Mortgage Investment Trust Inc (NYSE: MITT) has been named as a Top 10 dividend stock, according the most recent Dividend Channel ”DividendRank” report. The report noted that among the coverage universe, MITT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent MITT share price of $25.50 represents a price-to-book ratio of 1.1 and an annual dividend yield of 12.55% ? by comparison, the average company in Dividend Channel‘s coverage universe yields 3.9% and trades at a price-to-book ratio of 2.1. The report also cited the strong quarterly dividend history at AG Mortgage Investment Trust Inc, and favorable long-term multi-year growth rates in key fundamental data points. …read more
Source: FULL ARTICLE at Forbes Markets
AG Mortgage Investment Trust's Series B Preferred Stock Cross 7% Yield Mark
By DividendChannel.com In trading on Wednesday, shares of AG Mortgage Investment Trust Inc’s 8.00% Series B Cumulative Redeemable Preferred Stock (NYSE: MITT.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.76), with shares changing hands as low as $25.10 on the day. This compares to an average yield of 6.62% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 0.96% premium to its liquidation preference amount, versus the average premium of 4.95% in the “Real Estate” category.
Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com ยป
Source: FULL ARTICLE at Forbes Markets