Short Interest in AG Mortgage Investment Trust, Inc. (NYSE:MITT) Declines By 12.5%

AG Mortgage Investment Trust, Inc. (NYSE:MITT) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 379,484 shares, a drop of 12.5% from the December 31st total of 433,602 shares. Based on an average daily trading volume, of 193,347 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the company’s shares are short sold. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 193,347 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of AG Mortgage Investment Trust by 173.6% during the 3rd quarter. CWM LLC now owns 5,437 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 3,450 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in AG Mortgage Investment Trust by 103.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,413 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,756 shares during the last quarter. Strs Ohio bought a new position in AG Mortgage Investment Trust during the 1st quarter valued at $39,000. Russell Investments Group Ltd. grew its holdings in AG Mortgage Investment Trust by 103.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,095 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of AG Mortgage Investment Trust by 258.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 6,460 shares during the last quarter. 27.32% of the stock is currently owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Trading Up 1.3%

MITT opened at $8.71 on Tuesday. AG Mortgage Investment Trust has a twelve month low of $5.63 and a twelve month high of $9.27. The firm has a market cap of $276.39 million, a price-to-earnings ratio of 9.36 and a beta of 1.69. The company has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $7.90.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $30.21 million during the quarter, compared to analysts’ expectations of $19.80 million. AG Mortgage Investment Trust had a net margin of 11.03% and a return on equity of 13.88%. On average, analysts forecast that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.23 dividend. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Wednesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 98.92%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MITT. 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. Citizens Jmp upped their price target on shares of AG Mortgage Investment Trust from $8.50 to $9.25 and gave the stock a “market outperform” rating in a research report on Thursday, January 22nd. Piper Sandler reiterated an “overweight” rating and issued a $10.00 price target (up from $9.00) on shares of AG Mortgage Investment Trust in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on AG Mortgage Investment Trust from $8.50 to $9.00 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.17.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).