AG Mortgage Q3 gets boost from increased Arc Home stake

Reuters

Nov 04

AG Mortgage Q3 gets boost from increased Arc Home stake

Overview

AG Mortgage Q3 net income was $0.47 per share
Company acquired additional 21.4% interest in Arc Home, increasing ownership to 66%
Earnings available for distribution were $0.23 per share, supported by Arc Home's contribution

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

ARC HOME CONTRIBUTION - Increased stake in Arc Home contributed meaningfully to EAD, enhancing earnings potential
OPERATIONAL EFFICIENCIES - Core portfolio and operational efficiencies drove strong earnings

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Net Income		$14.62 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "hold."
Wall Street's median 12-month price target for AG Mortgage Investment Trust Inc is $8.50, about 15.9% above its November 3 closing price of $7.15
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw2wD1Fwa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MITT","symbol_name":"AG Mortgage Investment Trust","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251104:nL1N3WG0FC:1","article_id":"2580463738","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580463738","pubTimestamp":1762256682,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AG Mortgage Q3 gets boost from increased Arc Home stakeOverviewAG Mortgage Q3 net income was $0.47 per shareCompany acquired additional 21.4% interest in Arc Home, increasing ownership to 66%Earnings ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MITT":"AG Mortgage Investment Trust","BK4110":"抵押房地产投资信托"},"translate_title":"AG Mortgage第三季度因Arc Home股份增加而得到提振","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITT":0.9},"content_text":"AG Mortgage Q3 gets boost from increased Arc Home stakeOverviewAG Mortgage Q3 net income was $0.47 per shareCompany acquired additional 21.4% interest in Arc Home, increasing ownership to 66%Earnings available for distribution were $0.23 per share, supported by Arc Home's contributionOutlookCompany did not provide specific guidance for future quartersResult DriversARC HOME CONTRIBUTION - Increased stake in Arc Home contributed meaningfully to EAD, enhancing earnings potentialOPERATIONAL EFFICIENCIES - Core portfolio and operational efficiencies drove strong earningsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Net Income$14.62 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 4 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the specialized reits peer group is \"hold.\"Wall Street's median 12-month price target for AG Mortgage Investment Trust Inc is $8.50, about 15.9% above its November 3 closing price of $7.15The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months agoPress Release: ID:nBw2wD1FwaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}