AG Mortgage Investment Trust (NYSE:MITT) Given Market Outperform Rating at JMP Securities

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

Separately, StockNews.com lowered 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 given a buy rating to the stock. Based on data from MarketBeat, AG Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE MITT 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’s 50-day simple moving average is $6.78 and its 200-day simple moving average is $7.10. The firm has a market cap of $192.26 million, a price-to-earnings ratio of 2.86 and a beta of 1.99.

AG Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 11.67%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MITT. AlphaCore Capital LLC acquired a new stake in shares of AG Mortgage Investment Trust during the 3rd quarter valued at approximately $77,000. The Manufacturers Life Insurance Company bought a new stake in AG Mortgage Investment Trust during the second quarter valued at $72,000. Virtus Investment Advisers Inc. acquired a new stake in shares of AG Mortgage Investment Trust during the third quarter worth $86,000. Algert Global LLC bought a new position in shares of AG Mortgage Investment Trust in the 2nd quarter worth about $81,000. Finally, SG Americas Securities LLC acquired a new position in shares of AG Mortgage Investment Trust in the 3rd quarter valued at about $93,000. Institutional investors 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.