10 Best Defensive Stocks To Watch For 2015: AG Mortgage Investment Trust Inc (MITT)
AG Mortgage Investment Trust, Inc., incorporated on March 1, 2011, is a real estate investment trust (REIT)focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which it refers to as its target assets. The Company is externally managed and advised by AG REIT Management, LLC.
The Company has invested in residential mortgage-backed securities (RMBS), for which a United States government agency, such as the Government National Mortgage Association (Ginnie Mae), or a federally-chartered corporation, such as the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac), guarantees payments of principal and interest on the securities. Its Agency RMBS investments include mortgage pass-through securities and may include collateralized mortgage obligations (CMOs). Its non-Agency RMBS investments may include fixed-and floating-rate securities, including investment grade and non-investment grade.
Advisors' Opinion:- [By Sean Williams]
For this week's round of "Better Know a Stock," I'm going to take a closer look at AG Mortgage Investment Trust (NYSE: MITT ) .
What AG Mortgage Investment Trust does
AG Mortgage Investment Trust is a mortgage real estate investment trust that invests in agency (government-backed) and non-agency (non-government backed) mortgage-backed securities and other real estate-related securities and assets. As of the first quarter, 73.5% of its investment portfolio was tied up in agency residential-MBSes, with the remaining 26.5% made up on non-agency RMBSes, commercial loans, commercial MBSes, and other asset-backed securities.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-def! ensive-stocks-to-watch-for-2015.html
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