Brokerages Set AG Mortgage Investment Trust, Inc. (NYSE:MITT) PT at $8.00

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.00.

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

AG Mortgage Investment Trust Price Performance

NYSE:MITT opened at $6.84 on Thursday. AG Mortgage Investment Trust has a 12-month low of $5.41 and a 12-month high of $7.95. The stock’s fifty day simple moving average is $7.18 and its 200-day simple moving average is $7.10. The firm has a market capitalization of $201.70 million, a P/E ratio of 3.00 and a beta of 2.04.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 11.12%. The ex-dividend date of this dividend was Monday, September 30th. AG Mortgage Investment Trust’s payout ratio is presently 33.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MITT. Barclays PLC lifted its holdings in shares of AG Mortgage Investment Trust by 54.7% during the 3rd quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 17,243 shares in the last quarter. Geode Capital Management LLC lifted its stake in AG Mortgage Investment Trust by 5.8% in the third quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock valued at $4,980,000 after buying an additional 36,081 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of AG Mortgage Investment Trust in the third quarter valued at approximately $94,000. Virtus Investment Advisers Inc. bought a new stake in shares of AG Mortgage Investment Trust during the third quarter worth $86,000. Finally, State Street Corp raised its holdings in shares of AG Mortgage Investment Trust by 2.2% during the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after acquiring an additional 7,587 shares during the period. 27.32% of the stock is owned by institutional investors and hedge funds.

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.