AG Mortgage Investment Trust, Inc. (NYSE:MITT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.00.

Separately, StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd.

AG Mortgage Investment Trust Stock Performance

MITT stock opened at $6.81 on Thursday. The firm has a fifty day moving average price of $7.24 and a 200 day moving average price of $7.11. AG Mortgage Investment Trust has a fifty-two week low of $5.09 and a fifty-two week high of $7.95. The firm has a market cap of $200.96 million, a PE ratio of 2.99 and a beta of 2.04.

AG Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 11.16%. AG Mortgage Investment Trust’s dividend payout ratio is presently 33.33%.

Hedge Funds Weigh In On AG Mortgage Investment Trust

Large investors have recently made changes to their positions in the company. Transcend Capital Advisors LLC boosted its holdings in AG Mortgage Investment Trust by 12.6% during the 2nd quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,500 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of AG Mortgage Investment Trust by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 3,546 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AG Mortgage Investment Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,036 shares during the last quarter. Naviter Wealth LLC boosted its stake in shares of AG Mortgage Investment Trust by 26.3% during the second quarter. Naviter Wealth LLC now owns 21,397 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 4,450 shares during the period. Finally, State Street Corp grew its holdings in shares of AG Mortgage Investment Trust by 2.2% in the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after purchasing an additional 7,587 shares during the last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.