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 received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.00.

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

Hedge Funds Weigh In On AG Mortgage Investment Trust

Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC bought a new position in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $77,000. The Manufacturers Life Insurance Company bought a new position in shares of AG Mortgage Investment Trust during the second quarter valued at approximately $72,000. Virtus Investment Advisers Inc. bought a new position in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $86,000. Algert Global LLC bought a new position in shares of AG Mortgage Investment Trust during the second quarter valued at approximately $81,000. Finally, SG Americas Securities LLC bought a new position in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $93,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Price Performance

AG Mortgage Investment Trust stock opened at $6.90 on Thursday. AG Mortgage Investment Trust has a 1-year low of $5.41 and a 1-year high of $7.95. The firm has a market capitalization of $203.62 million, a P/E ratio of 2.97 and a beta of 2.01. The company’s 50-day moving average is $7.14 and its 200 day moving average is $7.10.

AG Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

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.