AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.00.

Separately, StockNews.com cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd.

AG Mortgage Investment Trust Stock Up 1.3 %

Shares of NYSE:MITT opened at $6.81 on Thursday. The business’s 50 day moving average is $7.24 and its 200 day moving average is $7.11. The stock has a market cap of $200.96 million, a P/E ratio of 2.99 and a beta of 2.04. AG Mortgage Investment Trust has a 52-week low of $5.09 and a 52-week high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 33.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MITT. Bank of New York Mellon Corp raised its stake 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 worth $1,087,000 after acquiring an additional 84,037 shares in the last quarter. Renaissance Technologies LLC grew its holdings in AG Mortgage Investment Trust by 34.6% in the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock worth $3,715,000 after purchasing an additional 143,799 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of AG Mortgage Investment Trust by 189.6% during the third quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 121,771 shares in the last quarter. LSV Asset Management purchased a new stake in shares of AG Mortgage Investment Trust during the 2nd quarter valued at $1,110,000. Finally, Algert Global LLC acquired a new stake in shares of AG Mortgage Investment Trust in the 2nd quarter worth $81,000. 27.32% of the stock is owned by institutional investors.

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.