In trading on Thursday, shares of AG Mortgage Investment Trust Inc's 8.25% Series A Cumulative Redeemable Preferred Stock (MITT.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $24.08 on the day. This compares to an average yield of 7.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MITT.PRA was trading at a 2.60% discount to its liquidation preference amount, versus the average discount of 1.46% in the "Real Estate" category.The chart below shows the one year performance of MITT.PRA shares, versus MITT:
AG Mortgage Investment Trust 's Series A Preferred Stock Crosses Above 8.5% Yield Territory
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