AG Mortgage Q3 gets boost from increased Arc Home stake

TPG Mortgage Investment Trust

04/11/2025 11:44

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

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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.)