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

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have earned an average rating of “Moderate Buy” from the four analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.75.

Several research analysts have recently issued reports on the company. JMP Securities increased their target price on AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Piper Sandler began coverage on AG Mortgage Investment Trust in a research report on Friday. They set an “overweight” rating and a $9.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $7.50 price objective on shares of AG Mortgage Investment Trust in a research report on Monday, June 17th. StockNews.com raised AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Finally, Jonestrading reaffirmed a “buy” rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research report on Friday, May 3rd.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT opened at $7.39 on Friday. AG Mortgage Investment Trust has a 52-week low of $4.82 and a 52-week high of $7.65. The firm has a market capitalization of $217.78 million, a P/E ratio of 4.25 and a beta of 2.06. The stock has a 50 day moving average price of $6.91 and a 200-day moving average price of $6.38.

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.28%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 43.68%.

Institutional Trading of AG Mortgage Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new stake in shares of AG Mortgage Investment Trust in the 1st quarter worth $704,000. Wolverine Asset Management LLC boosted its stake in shares of AG Mortgage Investment Trust by 64.1% in the 4th quarter. Wolverine Asset Management LLC now owns 132,369 shares of the real estate investment trust’s stock worth $841,000 after buying an additional 51,709 shares during the last quarter. Jump Financial LLC purchased a new position in shares of AG Mortgage Investment Trust in the 4th quarter worth $280,000. Allworth Financial LP purchased a new position in shares of AG Mortgage Investment Trust in the 4th quarter worth $87,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of AG Mortgage Investment Trust in the 4th quarter worth $231,000. Institutional investors own 27.32% of the company’s stock.

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.