AG Mortgage Investment Trust (NYSE:MITT) Given “Market Perform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of AG Mortgage Investment Trust (NYSE:MITT) in a research report released on Monday, Benzinga reports. The firm currently has a $7.50 target price on the real estate investment trust’s stock.

Several other research firms have also recently commented on MITT. StockNews.com raised shares of AG Mortgage Investment Trust from a hold rating to a buy rating in a research note on Monday, May 6th. Jonestrading reaffirmed a buy rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a research report on Friday, May 3rd. Finally, JMP Securities upped their price target on shares of AG Mortgage Investment Trust from $7.00 to $7.50 and gave the company a market outperform rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $7.50.

AG Mortgage Investment Trust Trading Down 0.3 %

Shares of NYSE:MITT opened at $6.83 on Monday. AG Mortgage Investment Trust has a 52 week low of $4.82 and a 52 week high of $6.99. The firm has a market capitalization of $201.31 million, a P/E ratio of 3.93 and a beta of 2.04. The firm’s 50 day moving average is $6.43 and its two-hundred day moving average is $6.22.

AG Mortgage Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 11.13%. The ex-dividend date is Friday, June 28th. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.18. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 43.68%.

Institutional Trading of AG Mortgage Investment Trust

Several institutional investors have recently made changes to their positions in MITT. Janney Montgomery Scott LLC acquired a new position in AG Mortgage Investment Trust in the first quarter worth $704,000. Naviter Wealth LLC lifted its position in AG Mortgage Investment Trust by 30.9% during the 1st quarter. Naviter Wealth LLC now owns 16,947 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4,000 shares in the last quarter. Napa Wealth Management bought a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $96,000. Jump Financial LLC bought a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $280,000. Finally, Wolverine Asset Management LLC increased its position in AG Mortgage Investment Trust by 64.1% in the 4th quarter. Wolverine Asset Management LLC now owns 132,369 shares of the real estate investment trust’s stock valued at $841,000 after acquiring an additional 51,709 shares in the last quarter. 27.32% of the stock is currently owned by institutional investors and hedge funds.

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.