AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.00.

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

Institutional Investors Weigh In On AG Mortgage Investment Trust

Large investors have recently made changes to their positions in the business. AlphaCore Capital LLC acquired a new stake in shares of AG Mortgage Investment Trust in the third quarter valued at about $77,000. The Manufacturers Life Insurance Company purchased a new position in AG Mortgage Investment Trust in the 2nd quarter worth approximately $72,000. Virtus Investment Advisers Inc. purchased a new position in AG Mortgage Investment Trust in the 3rd quarter worth approximately $86,000. Algert Global LLC acquired a new stake in AG Mortgage Investment Trust in the second quarter valued at approximately $81,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Stock Performance

MITT opened at $6.81 on Thursday. AG Mortgage Investment Trust has a 1 year low of $5.09 and a 1 year high of $7.95. The company’s 50 day simple moving average is $7.24 and its 200 day simple moving average is $7.11. The stock has a market capitalization of $200.96 million, a PE ratio of 2.99 and a beta of 2.04.

AG Mortgage Investment Trust Announces Dividend

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

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.