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 been assigned an average rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake 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 purchasing an additional 17,243 shares in the last quarter. Geode Capital Management LLC raised 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 shares of AG Mortgage Investment Trust during the third quarter worth $94,000. Virtus Investment Advisers Inc. purchased a new stake in shares of AG Mortgage Investment Trust in the third quarter valued at $86,000. Finally, State Street Corp grew its holdings in AG Mortgage Investment Trust by 2.2% in the 3rd 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 during the period. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Price Performance

Shares of MITT stock traded up $0.09 during trading hours on Thursday, hitting $6.81. The stock had a trading volume of 155,671 shares, compared to its average volume of 217,466. The stock's 50 day moving average is $7.22 and its 200 day moving average is $7.10. The firm has a market capitalization of $200.96 million, a PE ratio of 2.99 and a beta of 2.04. AG Mortgage Investment Trust has a twelve month low of $5.09 and a twelve month high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

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

About AG Mortgage Investment Trust

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.