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AG Mortgage Investment Trust is a residential mortgage real estate investment trust with a focus on investing in a portfolio of residential mortgage-related assets in the U.S. mortgage market. Co.'s investment portfolio (which excludes its ownership in Arc Home, LLC) includes Residential Investments and Agency Residential Mortgage-Backed Securities. Co.'s Residential Investments primarily consist of Non-Qualified Mortgage Loans and U.S. Government-Sponsored Entity Non-Owner Occupied Loans. In addition to its Residential Investments, Co. may also invest in other types of residential mortgage loans and other mortgage related assets. According to our MITT split history records, AG Mortgage Investment Trust has had 1 split.
MITT split history picture
AG Mortgage Investment Trust (MITT) has 1 split in our MITT split history database. The split for MITT took place on July 23, 2021. This was a 1 for 3 reverse split, meaning for each 3 shares of MITT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.

When a company such as AG Mortgage Investment Trust conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the MITT split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AG Mortgage Investment Trust shares, starting with a $10,000 purchase of MITT, presented on a split-history-adjusted basis factoring in the complete MITT split history. MITT split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $57.57
End price/share: $6.65
Starting shares: 173.70
Ending shares: 503.12
Dividends reinvested/share: $38.16
Total return: -66.54%
Average Annual Total Return: -10.38%
Starting investment: $10,000.00
Ending investment: $3,344.34
Years: 9.99
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $57.57
End price/share: $6.65
Dividends collected/share: $38.16
Total return: -22.16%
Average Annual Total Return: -2.48%
Starting investment: $10,000.00
Ending investment: $7,780.31
Years: 9.99
Date Ratio
07/23/20211 for 3
MITT is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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MS Split History

Also explore: MITT shares outstanding history

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