AG Mortgage Investment Trust, Inc. (NYSE:MITT) Short Interest Update

AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 637,000 shares, a decrease of 17.8% from the September 30th total of 775,100 shares. Currently, 2.3% of the company's shares are short sold. Based on an average daily volume of 191,900 shares, the short-interest ratio is currently 3.3 days.

AG Mortgage Investment Trust Trading Down 0.6 %

Shares of AG Mortgage Investment Trust stock traded down $0.04 during trading hours on Monday, hitting $7.22. 114,056 shares of the company were exchanged, compared to its average volume of 217,442. The business has a 50-day moving average of $7.42 and a 200-day moving average of $6.96. The stock has a market capitalization of $212.80 million, a price-to-earnings ratio of 4.15 and a beta of 2.05. AG Mortgage Investment Trust has a 1 year low of $4.92 and a 1 year high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). AG Mortgage Investment Trust had a net margin of 17.20% and a return on equity of 9.44%. The company had revenue of $99.82 million for the quarter, compared to analyst estimates of $17.00 million. During the same period in the previous year, the business earned $0.08 EPS. As a group, research analysts anticipate that AG Mortgage Investment Trust will post 0.84 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 10.53%. AG Mortgage Investment Trust's dividend payout ratio (DPR) is presently 43.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MITT shares. StockNews.com upgraded shares of AG Mortgage Investment Trust from a "hold" rating to a "buy" rating in a report on Friday. Piper Sandler initiated coverage on shares of AG Mortgage Investment Trust in a research note on Friday, July 26th. They set an "overweight" rating and a $9.00 target price on the stock. Finally, JMP Securities lifted their price target on AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a "market outperform" rating in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued 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 $8.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of AG Mortgage Investment Trust by 34.6% during the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust's stock valued at $3,715,000 after purchasing an additional 143,799 shares during the last quarter. LSV Asset Management acquired a new position in shares of AG Mortgage Investment Trust during the 2nd quarter valued at about $1,110,000. Bank of New York Mellon Corp increased its holdings in shares of AG Mortgage Investment Trust by 105.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust's stock valued at $1,087,000 after acquiring an additional 84,037 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in AG Mortgage Investment Trust during the 1st quarter valued at approximately $704,000. Finally, Marshall Wace LLP boosted its stake in AG Mortgage Investment Trust by 32.0% during the 2nd quarter. Marshall Wace LLP now owns 91,416 shares of the real estate investment trust's stock valued at $607,000 after purchasing an additional 22,143 shares during the period. Institutional investors and hedge funds own 27.32% of the company's stock.

About AG Mortgage Investment Trust

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.