Short Interest in AG Mortgage Investment Trust, Inc. (NYSE:MITT) Rises By 41.4%

AG Mortgage Investment Trust, Inc. (NYSE:MITT) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 453,200 shares, a growth of 41.4% from the January 31st total of 320,500 shares. Based on an average daily volume of 254,200 shares, the short-interest ratio is currently 1.8 days. Approximately 1.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued 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 three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

AG Mortgage Investment Trust Stock Performance

AG Mortgage Investment Trust stock traded down $0.16 during mid-day trading on Tuesday, reaching $7.54. The company’s stock had a trading volume of 261,292 shares, compared to its average volume of 225,545. The company has a market capitalization of $222.36 million, a price-to-earnings ratio of 3.30 and a beta of 2.00. AG Mortgage Investment Trust has a 12 month low of $5.44 and a 12 month high of $7.95. The business’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $7.09.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm 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%. As a group, sell-side analysts expect that AG Mortgage Investment Trust will post 0.78 EPS for the current year.

AG Mortgage Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is presently 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of MITT. Janney Montgomery Scott LLC raised its stake in AG Mortgage Investment Trust by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 3,546 shares in the last quarter. Wolverine Asset Management LLC raised its stake in AG Mortgage Investment Trust by 189.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 121,771 shares in the last quarter. Curi RMB Capital LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $105,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in AG Mortgage Investment Trust by 53.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,891 shares of the real estate investment trust’s stock worth $1,223,000 after purchasing an additional 57,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in AG Mortgage Investment Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,036 shares in the last quarter. Institutional investors and hedge funds own 27.32% of the company’s stock.

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.