JMP Securities Reiterates Market Outperform Rating for AG Mortgage Investment Trust (NYSE:MITT)

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

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

AG Mortgage Investment Trust Stock Performance

MITT stock opened at $6.52 on Thursday. AG Mortgage Investment Trust has a 1 year low of $5.44 and a 1 year high of $7.95. The stock has a market capitalization of $192.26 million, a price-to-earnings ratio of 2.86 and a beta of 1.99. The stock’s fifty day moving average is $6.78 and its two-hundred day moving average is $7.10.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 33.33%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new position in AG Mortgage Investment Trust during the 2nd quarter valued at $72,000. AlphaCore Capital LLC acquired a new stake in shares of AG Mortgage Investment Trust in the third quarter valued at $77,000. Algert Global LLC bought a new position in AG Mortgage Investment Trust during the second quarter valued at about $81,000. Virtus Investment Advisers Inc. bought a new position in AG Mortgage Investment Trust during the third quarter valued at about $86,000. Finally, SG Americas Securities LLC acquired a new position in AG Mortgage Investment Trust during the third quarter worth about $93,000. 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.