AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives $8.00 Consensus PT from Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

Separately, StockNews.com cut 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 Up 0.3 %

Shares of NYSE MITT opened at $6.83 on Thursday. The company has a market capitalization of $201.55 million, a PE ratio of 3.00 and a beta of 2.04. The stock’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.10. AG Mortgage Investment Trust has a twelve month low of $5.20 and a twelve month high of $7.95.

AG Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.13%. The ex-dividend date of this dividend was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio is presently 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in AG Mortgage Investment Trust by 105.4% in the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 84,037 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of AG Mortgage Investment Trust by 34.6% during the 2nd quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock valued at $3,715,000 after buying an additional 143,799 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of AG Mortgage Investment Trust by 189.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after acquiring an additional 121,771 shares during the last quarter. LSV Asset Management bought a new stake in shares of AG Mortgage Investment Trust during the 2nd quarter worth $1,110,000. Finally, Algert Global LLC purchased a new position in AG Mortgage Investment Trust in the second quarter worth $81,000. 27.32% of the stock is currently 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.