AG Mortgage Investment Trust (NYSE:MITT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

AG Mortgage Investment Trust, Inc. (NYSE:MITT) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.59 and traded as high as $8.49. AG Mortgage Investment Trust shares last traded at $8.4170, with a volume of 284,821 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on MITT. UBS Group upped their target price on shares of AG Mortgage Investment Trust from $8.75 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Jones Trading reissued a “buy” rating and issued a $8.50 target price on shares of AG Mortgage Investment Trust in a research report on Tuesday, November 4th. Zacks Research upgraded AG Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, AG Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.60.

AG Mortgage Investment Trust Stock Up 1.1%

The firm’s 50 day moving average is $7.73 and its 200-day moving average is $7.61. The firm has a market cap of $275.12 million, a PE ratio of 9.32 and a beta of 1.63.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Wednesday, September 4th. The real estate investment trust reported $0.21 EPS for the quarter. AG Mortgage Investment Trust had a net margin of 11.03% and a return on equity of 13.88%. The firm had revenue of $11.49 million during the quarter. On average, analysts forecast that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a $0.23 dividend. The ex-dividend date is Wednesday, December 31st. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 10.6%. AG Mortgage Investment Trust’s payout ratio is currently 90.32%.

Institutional Trading of AG Mortgage Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Angelo Gordon & CO. L.P. raised its holdings in AG Mortgage Investment Trust by 703.3% in the third quarter. Angelo Gordon & CO. L.P. now owns 2,315,966 shares of the real estate investment trust’s stock valued at $16,768,000 after buying an additional 2,027,676 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of AG Mortgage Investment Trust in the second quarter worth $1,128,000. Ieq Capital LLC acquired a new stake in shares of AG Mortgage Investment Trust in the first quarter worth $927,000. Acadian Asset Management LLC raised its stake in shares of AG Mortgage Investment Trust by 65.7% in the 1st quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust’s stock valued at $2,089,000 after acquiring an additional 113,564 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of AG Mortgage Investment Trust by 151.6% in the 1st quarter. Voya Investment Management LLC now owns 104,346 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 62,873 shares during the period. Hedge funds and other 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.