In trading on Tuesday, shares of AG Mortgage Investment Trust Inc's 8.00% Series B Cumulative Redeemable Preferred Stock (MITT.PRB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $20.99 on the day. This compares to an average yield of 7.75% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRB was trading at a 15.68% discount to its liquidation preference amount, versus the average discount of 5.93% in the "Real Estate" category.The chart below shows the one year performance of MITT.PRB shares, versus MITT:
AG Mortgage Investment Trust's Series B Preferred Stock Shares Cross 9.5% Yield Mark
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