AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.00.

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

Institutional Trading of AG Mortgage Investment Trust

Several institutional investors have recently added to or reduced their stakes in MITT. Barclays PLC grew its position in AG Mortgage Investment Trust by 54.7% in the 3rd quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 17,243 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AG Mortgage Investment Trust by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust's stock valued at $4,980,000 after acquiring an additional 36,081 shares during the last quarter. Jane Street Group LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at about $94,000. Virtus Investment Advisers Inc. purchased a new stake in AG Mortgage Investment Trust during the third quarter valued at about $86,000. Finally, State Street Corp lifted its stake in AG Mortgage Investment Trust by 2.2% during the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust's stock valued at $2,655,000 after buying an additional 7,587 shares in the last quarter. Institutional investors own 27.32% of the company's stock.

AG Mortgage Investment Trust Stock Up 1.3 %

Shares of NYSE MITT opened at $6.81 on Thursday. The firm has a 50-day moving average price of $7.24 and a 200 day moving average price of $7.11. AG Mortgage Investment Trust has a 52 week low of $5.09 and a 52 week high of $7.95. The stock has a market capitalization of $200.96 million, a price-to-earnings ratio of 2.99 and a beta of 2.04.

AG Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 11.16%. AG Mortgage Investment Trust's dividend payout ratio is presently 33.33%.

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.