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/Mis Actual Consensu

s s

Estimate

Q3 Net $14.62

Income 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 ( MITT/PA ) 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:

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(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.)