AG Mortgage Investment Trust, Inc. (NYSE:MITT) Sees Large Increase in Short Interest

AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Rating) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 668,100 shares, a growth of 70.1% from the October 15th total of 392,800 shares. Based on an average daily volume of 263,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of AG Mortgage Investment Trust in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. JMP Securities cut their price objective on shares of AG Mortgage Investment Trust from $9.00 to $7.00 and set a “market outperform” rating on the stock in a report on Thursday, October 20th. Credit Suisse Group cut their target price on shares of AG Mortgage Investment Trust to $7.00 in a report on Thursday, October 13th. Finally, Keefe, Bruyette & Woods lowered shares of AG Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and set a $8.50 target price on the stock. in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AG Mortgage Investment Trust presently has an average rating of “Hold” and a consensus price target of $9.25.

AG Mortgage Investment Trust Trading Up 3.9 %

Shares of MITT traded up $0.21 during midday trading on Friday, reaching $5.65. The stock had a trading volume of 489,607 shares, compared to its average volume of 216,482. The firm has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $6.53. AG Mortgage Investment Trust has a one year low of $3.52 and a one year high of $13.11. The firm has a market cap of $124.65 million, a PE ratio of -1.88 and a beta of 1.72.

AG Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 14.87%. The ex-dividend date of this dividend was Thursday, September 29th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently -27.91%.

Institutional Trading of AG Mortgage Investment Trust

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new stake in shares of AG Mortgage Investment Trust during the 1st quarter worth about $50,000. Charles Schwab Investment Management Inc. acquired a new stake in AG Mortgage Investment Trust in the 1st quarter worth about $98,000. Acadian Asset Management LLC acquired a new stake in AG Mortgage Investment Trust in the 1st quarter worth about $113,000. Apollon Wealth Management LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $51,000. Finally, Roosevelt Investment Group LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 40.52% of the company’s stock.

AG Mortgage Investment Trust Company Profile

(Get Rating)

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments.

Further Reading

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