Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) have been assigned an average recommendation of "Buy" from the four analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.38.
A number of research analysts have commented on the stock. Jones Trading reaffirmed a "buy" rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a research report on Tuesday, May 6th. UBS Group set a $8.00 price target on shares of AG Mortgage Investment Trust and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Analysis on MITT
Institutional Trading of AG Mortgage Investment Trust
A number of large investors have recently made changes to their positions in MITT. Russell Investments Group Ltd. increased its stake in AG Mortgage Investment Trust by 98.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,739 shares during the last quarter. Strs Ohio acquired a new stake in shares of AG Mortgage Investment Trust in the first quarter valued at approximately $39,000. Quarry LP boosted its holdings in shares of AG Mortgage Investment Trust by 158.9% in the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 3,914 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of AG Mortgage Investment Trust by 43.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 2,231 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of AG Mortgage Investment Trust during the fourth quarter worth $70,000. 27.32% of the stock is currently owned by hedge funds and other institutional investors.
AG Mortgage Investment Trust Stock Up 4.2%
Shares of AG Mortgage Investment Trust stock traded up $0.30 during trading hours on Friday, reaching $7.43. 175,105 shares of the company's stock were exchanged, compared to its average volume of 245,013. AG Mortgage Investment Trust has a 1 year low of $5.63 and a 1 year high of $7.95. The company has a market capitalization of $220.52 million, a P/E ratio of 8.35 and a beta of 1.55. The business has a fifty day moving average of $6.83 and a two-hundred day moving average of $6.95.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.67 million. AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. As a group, research analysts predict that AG Mortgage Investment Trust will post 0.78 EPS for the current year.
AG Mortgage Investment Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.31%. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 30th. AG Mortgage Investment Trust's dividend payout ratio is presently 89.89%.
AG Mortgage Investment Trust Company Profile
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Get Free ReportAG 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.
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