AG Mortgage Investment Trust (NYSE:MITT) Stock Price Passes Above 200 Day Moving Average – Here’s Why

AG Mortgage Investment Trust, Inc. (NYSE:MITT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.04 and traded as high as $7.23. AG Mortgage Investment Trust shares last traded at $7.22, with a volume of 144,601 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. JMP Securities restated a “market outperform” rating and issued a $8.50 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AG Mortgage Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $8.25.

AG Mortgage Investment Trust Trading Down 1.2 %

The company has a market capitalization of $214.69 million, a P/E ratio of 3.19 and a beta of 2.00. The firm has a fifty day moving average of $6.82 and a 200 day moving average of $7.04.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.45%. AG Mortgage Investment Trust’s payout ratio is currently 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in MITT. PharVision Advisers LLC acquired a new position in shares of AG Mortgage Investment Trust in the 4th quarter valued at $159,000. Squarepoint Ops LLC purchased a new stake in shares of AG Mortgage Investment Trust in the 4th quarter valued at approximately $186,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of AG Mortgage Investment Trust during the fourth quarter valued at about $70,000. Cary Street Partners Financial LLC purchased a new position in shares of AG Mortgage Investment Trust in the fourth quarter valued at approximately $83,000. Finally, Bank of America Corp DE raised its holdings in AG Mortgage Investment Trust by 23.9% in the fourth quarter. Bank of America Corp DE now owns 37,206 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 7,179 shares in the last quarter. 27.32% of the stock is currently owned by 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.