AG Mortgage Preferred Stock Yielding Above 9%

AG Mortgage Investment Trust Inc's preferred stock yields over 9%, standing out in the real estate sector. Current trading indicates a strong position, with shares at a 9.80% discount to liquidation preference.

Date: 18-02-2025

AI Rating: 7

The report highlights significant factors impacting AG Mortgage Investment Trust Inc. (symbol: MITT) and its preferred stock (MITT.PRB). The key elements to consider are as follows:

**Dividend Yield**: MITT.PRB shares are currently yielding above 9%, based on its quarterly dividend annualized to $2.00. This yield surpasses the average yield of 7.81% in the real estate preferred stock category, indicating strong potential returns for investors seeking income. A higher yield such as this often attracts investors looking for cash flow investments, which may help stabilize or boost the stock's price.

**Discount to Liquidation Preference**: The preferred stock is trading at a 9.80% discount to its liquidation preference amount. This discount is less than the average discount of 12.15% in the real estate category, suggesting that the stock may be undervalued relative to its peers. If investors perceive MITT.PRB as a more favorable investment compared to others in the sector, this perception could positively impact its demand and price.

Overall, the dividend yield and the discount to liquidation preference indicate a potential for appreciation in stock price and an attractive investment opportunity compared to peers in the sector, particularly for income-focused investors.

Stocks: MITT