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

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

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

AG Mortgage Investment Trust Stock Down 0.7 %

Shares of NYSE MITT opened at $6.50 on Thursday. The business’s 50 day moving average price is $6.77 and its two-hundred day moving average price is $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 has a twelve month low of $5.44 and a twelve month high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 11.70%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in AG Mortgage Investment Trust by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,620 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 2,839 shares during the period. Janney Montgomery Scott LLC increased its position in AG Mortgage Investment Trust by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after acquiring an additional 3,546 shares during the period. Charles Schwab Investment Management Inc. raised its stake in AG Mortgage Investment Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,036 shares in the last quarter. State Street Corp boosted its holdings in AG Mortgage Investment Trust by 2.2% in the 3rd quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock valued at $2,655,000 after purchasing an additional 7,587 shares during the period. Finally, AlphaCore Capital LLC bought a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at about $77,000. 27.32% of the stock is owned by institutional investors and hedge funds.

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.