BidaskClub lowered shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) from a buy rating to a hold rating in a report published on Friday.

Other equities research analysts also recently issued reports about the stock. Credit Suisse Group reiterated a hold rating and issued a $18.00 price target on shares of AG Mortgage Investment Trust in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of AG Mortgage Investment Trust from a sell rating to a hold rating in a research report on Wednesday, July 12th. Wunderlich boosted their price objective on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a hold rating in a research report on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of AG Mortgage Investment Trust and gave the company a hold rating in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded shares of AG Mortgage Investment Trust from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $18.38.

AG Mortgage Investment Trust (MITT) traded up 0.27% during midday trading on Friday, reaching $18.54. The company had a trading volume of 51,997 shares. The company has a market capitalization of $513.65 million, a PE ratio of 6.63 and a beta of 0.94. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $18.18. AG Mortgage Investment Trust has a one year low of $13.88 and a one year high of $19.38.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, June 19th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, June 15th. This represents a $1.90 annualized dividend and a yield of 10.28%. AG Mortgage Investment Trust’s dividend payout ratio is currently 68.10%.

A number of hedge funds and other institutional investors have recently made changes to their positions in MITT. State Street Corp increased its position in shares of AG Mortgage Investment Trust by 6.9% in the fourth quarter. State Street Corp now owns 630,686 shares of the real estate investment trust’s stock valued at $10,786,000 after buying an additional 40,932 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $2,639,000. Nisa Investment Advisors LLC purchased a new position in shares of AG Mortgage Investment Trust during the first quarter valued at approximately $105,000. KAMES CAPITAL plc purchased a new position in shares of AG Mortgage Investment Trust during the first quarter valued at approximately $472,000. Finally, BB&T Corp increased its position in shares of AG Mortgage Investment Trust by 0.7% in the first quarter. BB&T Corp now owns 15,100 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.

About AG Mortgage Investment Trust

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