AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.97 and traded as high as $7.74. AG Mortgage Investment Trust shares last traded at $7.74, with a volume of 233,786 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on MITT shares. Jones Trading reissued a "buy" rating and set a $8.00 price target on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. UBS Group set a $8.00 price objective on shares of AG Mortgage Investment Trust and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $8.38.
Read Our Latest Report on AG Mortgage Investment Trust
AG Mortgage Investment Trust Price Performance
The firm has a market capitalization of $235.48 million, a price-to-earnings ratio of 8.91 and a beta of 1.55. The stock has a fifty day moving average of $7.02 and a two-hundred day moving average of $6.98.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.67 million. On average, research analysts forecast that AG Mortgage Investment Trust, Inc. 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. Shareholders of record on Monday, June 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.20. AG Mortgage Investment Trust's dividend payout ratio is currently 89.89%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of AG Mortgage Investment Trust by 65.7% during the first quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust's stock worth $2,089,000 after buying an additional 113,564 shares during the period. Northern Trust Corp lifted its holdings in AG Mortgage Investment Trust by 10.2% in the fourth quarter. Northern Trust Corp now owns 278,109 shares of the real estate investment trust's stock valued at $1,849,000 after buying an additional 25,736 shares during the period. Wolverine Asset Management LLC boosted its position in AG Mortgage Investment Trust by 2.6% during the first quarter. Wolverine Asset Management LLC now owns 200,534 shares of the real estate investment trust's stock valued at $1,464,000 after acquiring an additional 5,167 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in AG Mortgage Investment Trust by 20.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,532 shares of the real estate investment trust's stock worth $1,427,000 after acquiring an additional 33,480 shares during the period. Finally, Ieq Capital LLC acquired a new stake in AG Mortgage Investment Trust during the 1st quarter worth about $927,000. Institutional investors and hedge funds own 27.32% of the company's stock.
AG Mortgage Investment Trust Company Profile
(
Get Free Report)
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.
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