AG Mortgage Investment Trust (NYSE:MITT) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

AG Mortgage Investment Trust, Inc. (NYSE:MITT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.49 and traded as high as $8.21. AG Mortgage Investment Trust shares last traded at $8.0450, with a volume of 63,059 shares traded.

Analyst Ratings Changes

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

AG Mortgage Investment Trust Stock Down 1.3%

The firm has a fifty day moving average of $7.50 and a 200-day moving average of $7.49. The stock has a market capitalization of $255.35 million, a price-to-earnings ratio of 8.65 and a beta of 1.68.

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

AG Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 10.4%. AG Mortgage Investment Trust’s payout ratio is presently 90.32%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nuveen LLC purchased a new stake in AG Mortgage Investment Trust in the 1st quarter valued at approximately $378,000. Ieq Capital LLC acquired a new position in shares of AG Mortgage Investment Trust in the first quarter worth $927,000. Penserra Capital Management LLC acquired a new position in shares of AG Mortgage Investment Trust in the second quarter worth $1,128,000. Acadian Asset Management LLC lifted its position in shares of AG Mortgage Investment Trust by 65.7% in the first 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 in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of AG Mortgage Investment Trust by 151.6% during the first 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 last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

About AG Mortgage Investment Trust

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.