AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.13 and traded as high as $7.15. AG Mortgage Investment Trust shares last traded at $7.09, with a volume of 155,617 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.25.
Get Our Latest Stock Analysis on MITT
AG Mortgage Investment Trust Stock Down 1.7 %
The stock has a market cap of $205.68 million, a P/E ratio of 3.06 and a beta of 2.01. The business has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.13.
AG Mortgage Investment Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 10.90%. AG Mortgage Investment Trust's payout ratio is 33.33%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in AG Mortgage Investment Trust in the 2nd quarter worth about $72,000. AlphaCore Capital LLC bought a new position in AG Mortgage Investment Trust in the third quarter worth approximately $77,000. Algert Global LLC purchased a new position in AG Mortgage Investment Trust during the 2nd quarter worth $81,000. Virtus Investment Advisers Inc. bought a new stake in AG Mortgage Investment Trust during the 3rd quarter valued at $86,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment Trust in the 3rd quarter worth $93,000. Hedge funds and other institutional investors own 27.32% of the company's stock.
About AG Mortgage Investment Trust
(
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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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