AG Mortgage Investment Trust (NYSE:MITT) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.04 and traded as high as $7.23. AG Mortgage Investment Trust shares last traded at $7.22, with a volume of 144,601 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MITT. StockNews.com cut shares of AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a research note on Saturday, November 2nd. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $8.25.

AG Mortgage Investment Trust Stock Performance

The firm's 50 day simple moving average is $6.82 and its 200 day simple moving average is $7.04. The firm has a market capitalization of $218.49 million, a price-to-earnings ratio of 3.25 and a beta of 2.00.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.26%. The ex-dividend date was Tuesday, December 31st. AG Mortgage Investment Trust's dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On AG Mortgage Investment Trust

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,739 shares in the last quarter. Quarry LP increased its holdings in shares of AG Mortgage Investment Trust by 158.9% during the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 2,231 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of AG Mortgage Investment Trust during the 3rd quarter valued at approximately $77,000. Finally, LPL Financial LLC purchased a new stake in AG Mortgage Investment Trust in the 4th quarter worth $70,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

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.