Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.12 and traded as high as $7.25. AG Mortgage Investment Trust shares last traded at $7.23, with a volume of 178,253 shares.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, AG Mortgage Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.25.
Get Our Latest Stock Analysis on MITT
AG Mortgage Investment Trust Stock Performance
The business's 50-day moving average price is $7.06 and its 200 day moving average price is $7.12. The stock has a market capitalization of $210.41 million, a PE ratio of 3.13 and a beta of 2.01.
AG Mortgage Investment Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust's dividend payout ratio is currently 33.33%.
Institutional Investors Weigh In On AG Mortgage Investment Trust
Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in AG Mortgage Investment Trust during the 2nd quarter worth approximately $72,000. AlphaCore Capital LLC purchased a new stake in shares of AG Mortgage Investment Trust in the 3rd quarter worth about $77,000. Algert Global LLC bought a new position in shares of AG Mortgage Investment Trust during the second quarter valued at approximately $81,000. Virtus Investment Advisers Inc. bought a new stake in AG Mortgage Investment Trust in the third quarter worth $86,000. Finally, SG Americas Securities LLC purchased a new stake in AG Mortgage Investment Trust during the 3rd quarter valued at about $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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