JMP Securities Reaffirms Market Outperform Rating for AG Mortgage Investment Trust (NYSE:MITT)

JMP Securities reissued their market outperform rating on shares of AG Mortgage Investment Trust (NYSE:MITT - Free Report) in a report released on Thursday morning,Benzinga reports. They currently have a $8.50 price objective on the real estate investment trust's stock.

Separately, StockNews.com lowered AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.25.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT traded down $0.05 during trading on Thursday, reaching $6.50. 248,387 shares of the stock were exchanged, compared to its average volume of 277,232. AG Mortgage Investment Trust has a 12-month low of $5.44 and a 12-month high of $7.95. The firm's 50-day moving average price is $6.78 and its 200 day moving average price is $7.10. The firm has a market cap of $191.67 million, a price-to-earnings ratio of 2.85 and a beta of 1.99.

AG Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 11.70%. The ex-dividend date of this dividend is Tuesday, December 31st. AG Mortgage Investment Trust's dividend payout ratio is currently 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in shares of AG Mortgage Investment Trust by 34.6% in the 2nd quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust's stock worth $3,715,000 after acquiring an additional 143,799 shares during the period. Wolverine Asset Management LLC boosted its position in 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 acquiring an additional 121,771 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of AG Mortgage Investment Trust by 53.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,891 shares of the real estate investment trust's stock worth $1,223,000 after purchasing an additional 57,042 shares in the last quarter. Rhumbline Advisers raised its stake in shares of AG Mortgage Investment Trust by 5,557.2% during the second quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust's stock valued at $264,000 after purchasing an additional 39,067 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in AG Mortgage Investment Trust by 5.8% in the third quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust's stock worth $4,980,000 after purchasing an additional 36,081 shares during the period. Institutional investors own 27.32% of the company's stock.

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.