10 Cheap Growth Stocks to Buy Now

5. AG Mortgage Investment Trust Inc. (NYSE:MITT)

Price to Earnings ratio: 3.34

AG Mortgage Investment Trust Inc. (NYSE:MITT) is a residential mortgage REIT focused on investing in a diversified portfolio of mortgage-related assets in the U.S. housing market. The company primarily acquires and securitizes newly originated residential mortgage loans, particularly in the non-agency segment.

On January 31, 2025, AG Mortgage Investment Trust Inc. (NYSE:MITT) released the tax treatment details for its 2024 distributions. It provided key information for investors regarding the classification of dividends for tax reporting purposes. This announcement ensures transparency in how the company’s payouts will be taxed, distinguishing between ordinary income, return of capital, and capital gains components.

For full-year 2024, AG Mortgage Investment Trust Inc. (NYSE:MITT) reported $1.23 net income per share and $0.76 earnings available for distribution (EAD) per share. The company generated an 11.7% annual economic return on equity, supported by a $6.7 billion investment portfolio. It maintained its commitment to shareholder returns, paying $0.75 in common dividends for the year, including a Q4 dividend of $0.19 per share.

Jason Weaver of Jones Trading maintained a Strong Buy rating on the stock, with a slightly revised price target of $8.50 from $8, as of March 3, 2025.