AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives $8.00 Average Target Price from Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.00.

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

AG Mortgage Investment Trust Stock Performance

NYSE MITT opened at $6.83 on Thursday. The stock has a 50 day moving average price of $7.18 and a 200-day moving average price of $7.10. AG Mortgage Investment Trust has a one year low of $5.20 and a one year high of $7.95. The company has a market capitalization of $201.55 million, a P/E ratio of 3.00 and a beta of 2.04.

AG Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 11.13%. AG Mortgage Investment Trust’s payout ratio is presently 33.33%.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of large investors have recently made changes to their positions in the company. Transcend Capital Advisors LLC lifted its stake in shares of AG Mortgage Investment Trust by 12.6% during the 2nd quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 2,500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $1,087,000 after buying an additional 84,037 shares in the last quarter. Rhumbline Advisers boosted its position in AG Mortgage Investment Trust by 5,557.2% in the 2nd quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 39,067 shares during the period. Naviter Wealth LLC boosted its position in AG Mortgage Investment Trust by 26.3% in the 2nd quarter. Naviter Wealth LLC now owns 21,397 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 4,450 shares during the period. Finally, Acadian Asset Management LLC bought a new position in AG Mortgage Investment Trust in the 2nd quarter worth about $291,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

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.