Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.20.
MITT has been the subject of several analyst reports. UBS Group set a $8.00 target price on shares of AG Mortgage Investment Trust and gave the company a "buy" rating in a research note on Wednesday, May 14th. Jones Trading reissued a "buy" rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research note on Thursday.
Get Our Latest Report on MITT
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 2,739 shares during the last quarter. Quarry LP increased its stake in shares of AG Mortgage Investment Trust by 158.9% during the 4th 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 last quarter. Tower Research Capital LLC TRC increased its stake in shares of AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 2,231 shares during the last quarter. LPL Financial LLC acquired a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $70,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 27.32% of the company's stock.
AG Mortgage Investment Trust Price Performance
Shares of AG Mortgage Investment Trust stock remained flat at $6.89 on Wednesday. 110,825 shares of the company traded hands, compared to its average volume of 241,301. AG Mortgage Investment Trust has a 1-year low of $5.63 and a 1-year high of $7.95. The business has a 50-day moving average of $6.77 and a two-hundred day moving average of $6.90. The stock has a market cap of $204.47 million, a P/E ratio of 3.02 and a beta of 1.48.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The business had revenue of $20.00 million during the quarter, compared to analysts' expectations of $18.67 million. As a group, analysts expect that AG Mortgage Investment Trust will post 0.78 earnings per share for the current year.
AG Mortgage Investment Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.61%. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's dividend payout ratio is currently 89.89%.
About AG Mortgage Investment Trust
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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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