AG Mortgage Investment Trust, Inc. (NYSE:MITT) Short Interest Up 41.4% in February

AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 453,200 shares, a growth of 41.4% from the January 31st total of 320,500 shares. Based on an average daily volume of 254,200 shares, the short-interest ratio is presently 1.8 days. Currently, 1.7% of the company's stock are short sold.

Institutional Trading of AG Mortgage Investment Trust

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake 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 period. Barclays PLC increased its holdings in shares of AG Mortgage Investment Trust by 54.7% in the third 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 during the last quarter. State Street Corp raised its position in shares of AG Mortgage Investment Trust by 2.2% in 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 purchasing an additional 7,587 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of AG Mortgage Investment Trust by 189.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust's stock worth $1,397,000 after buying an additional 121,771 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of AG Mortgage Investment Trust during the 3rd quarter worth about $94,000. 27.32% of the stock is owned by institutional investors and hedge funds.

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AG Mortgage Investment Trust Stock Performance

MITT traded up $0.05 during trading on Friday, reaching $7.51. 195,550 shares of the stock were exchanged, compared to its average volume of 225,824. The stock's 50 day moving average price is $6.90 and its two-hundred day moving average price is $7.10. AG Mortgage Investment Trust has a twelve month low of $5.44 and a twelve month high of $7.95. The stock has a market cap of $221.47 million, a P/E ratio of 3.29 and a beta of 2.00.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The firm had revenue of $22.00 million for the quarter, compared to analyst estimates of $18.44 million. Equities research analysts predict that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 10.13%. AG Mortgage Investment Trust's dividend payout ratio is 33.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jones Trading increased their target price on shares of AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Monday. JMP Securities restated a "market outperform" rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AG Mortgage Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $8.30.

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.