AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.11 and traded as high as $7.47. AG Mortgage Investment Trust shares last traded at $7.47, with a volume of 99,393 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Jones Trading upped their price target on shares of AG Mortgage Investment Trust from $8.00 to $8.50 and gave the company a "buy" rating in a report on Monday, March 3rd. JMP Securities reiterated a "market outperform" rating and issued a $8.50 price target on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.30.
Get Our Latest Analysis on AG Mortgage Investment Trust
AG Mortgage Investment Trust Stock Up 3.0 %
The company's fifty day moving average is $6.99 and its 200 day moving average is $7.11. The firm has a market cap of $229.41 million, a price-to-earnings ratio of 3.39 and a beta of 2.05.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS 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 business had revenue of $22.00 million for the quarter, compared to analyst estimates of $18.44 million. On average, equities research analysts forecast that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current fiscal year.
AG Mortgage Investment Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 10.34%. AG Mortgage Investment Trust's dividend payout ratio is 61.79%.
Institutional Trading of AG Mortgage Investment Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in AG Mortgage Investment Trust by 98.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,739 shares in the last quarter. Quarry LP raised its position in AG Mortgage Investment Trust by 158.9% during the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC raised its position in AG Mortgage Investment Trust by 43.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 2,231 shares in the last quarter. AlphaCore Capital LLC bought a new stake in AG Mortgage Investment Trust during the third quarter worth $77,000. Finally, LPL Financial LLC bought a new stake in AG Mortgage Investment Trust during the fourth quarter worth $70,000. 27.32% of the stock is owned by institutional investors.
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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