AG Mortgage Investment Trust’s (MITT) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of AG Mortgage Investment Trust (NYSE:MITT) in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $8.50 price target on the real estate investment trust’s stock.

Separately, StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.25.

AG Mortgage Investment Trust Stock Down 0.7 %

MITT stock opened at $6.50 on Thursday. AG Mortgage Investment Trust has a 52 week low of $5.44 and a 52 week high of $7.95. The business has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $7.10. The company has a market cap of $191.67 million, a PE ratio of 2.85 and a beta of 1.99.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 11.70%. The ex-dividend date of this dividend is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of AG Mortgage Investment Trust by 5,557.2% during the 2nd quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 39,067 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $3,715,000 after buying an additional 143,799 shares in the last quarter. Marshall Wace LLP grew its stake in shares of AG Mortgage Investment Trust by 32.0% during the second quarter. Marshall Wace LLP now owns 91,416 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 22,143 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of AG Mortgage Investment Trust during the second quarter worth $72,000. Finally, Algert Global LLC bought a new position in shares of AG Mortgage Investment Trust in the 2nd quarter valued at $81,000. Institutional investors and hedge funds 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.