AG Mortgage Investment Trust (NYSE:MITT) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.13 and traded as high as $7.15. AG Mortgage Investment Trust shares last traded at $7.09, with a volume of 155,617 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

AG Mortgage Investment Trust Price Performance

The company has a 50-day moving average of $7.02 and a two-hundred day moving average of $7.13. The stock has a market capitalization of $209.23 million, a PE ratio of 3.11 and a beta of 2.01.

AG Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.72%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in AG Mortgage Investment Trust by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,620 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 2,839 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in AG Mortgage Investment Trust by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 3,546 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AG Mortgage Investment Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 4,036 shares during the last quarter. Naviter Wealth LLC grew its stake in AG Mortgage Investment Trust by 26.3% during the 2nd 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 in the last quarter. Finally, State Street Corp increased its holdings in AG Mortgage Investment Trust by 2.2% during the 3rd 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. Hedge funds and other institutional investors own 27.32% of the company’s stock.

About AG Mortgage Investment Trust

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.