AG Mortgage Investment Trust (NYSE:MITT) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.11 and traded as high as $7.47. AG Mortgage Investment Trust shares last traded at $7.47, with a volume of 99,393 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MITT. Jones Trading upped their price objective on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, March 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.30.

AG Mortgage Investment Trust Stock Up 1.8 %

The stock has a market capitalization of $221.40 million, a price-to-earnings ratio of 3.27 and a beta of 2.05. The company has a 50 day moving average of $6.98 and a 200 day moving average of $7.11.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $22.00 million during the quarter, compared to analyst estimates of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. On average, research analysts forecast that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 10.18%. AG Mortgage Investment Trust’s dividend payout ratio is presently 61.79%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of AG Mortgage Investment Trust by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,790 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 2,047 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 2,231 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,739 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of AG Mortgage Investment Trust by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,620 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 2,839 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of AG Mortgage Investment Trust by 28.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,084 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 3,827 shares during the period. 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.