Is This 10.6%-Yielding REIT A Buy Right Now?

This company is a promising high-yield REIT income play. The mortgage REIT has better-than-average leverage metrics. It covered its dividend payout with core earnings, on average. The REIT just raised its dividend 5.3 percent. Shares sell for about accounting book value. An investment in the stock yields 10.6 percent.

AG Mortgage Investment Trust, Inc. (MITT) is a high-yield, high-risk mortgage real estate investment trust that investors with a higher-than-average risk tolerance might want to take a closer look at. AG Mortgage Investment Trust has better-than-average leverage stats (i.e. less risk) and covered its dividend payout with core earnings, on average, in the last nine quarters. Importantly, the REIT just raised its dividend by more than five percent. Shares are priced at about accounting book value and throw off a 10.6 percent dividend.

Source: Seeking Alpha

Related Articles:
- 8 High-Yielding Mega-Cap Stocks
- Dividend Investors Should Focus On Stocks, Not The Market
- The Secret Ingredient of Dividend Growth Stocks
- Dividend Growth Stocks With A Defined-Benefit Pension
- 4 Higher-Yielding Stocks With A Low Price To Book