AG Mortgage Investment Trust, Inc. (NYSE:MITT) Short Interest Update

AG Mortgage Investment Trust, Inc. (NYSE:MITT) saw a significant growth in short interest in the month of 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 days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, AG Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $8.25.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of AG Mortgage Investment Trust by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock valued at $4,980,000 after purchasing an additional 36,081 shares in the last quarter. Barclays PLC boosted its holdings in AG Mortgage Investment Trust by 54.7% during the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 17,243 shares in the last quarter. State Street Corp boosted its holdings in AG Mortgage Investment Trust by 2.2% during the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after buying an additional 7,587 shares in the last quarter. Wolverine Asset Management LLC grew its position in AG Mortgage Investment Trust by 189.6% in the third quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after buying an additional 121,771 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of AG Mortgage Investment Trust in the third quarter valued at $94,000. 27.32% of the stock is currently owned by institutional investors.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT traded up $0.11 during trading on Monday, reaching $7.68. The company had a trading volume of 431,900 shares, compared to its average volume of 225,120. The firm’s fifty day moving average is $6.87 and its 200 day moving average is $7.08. The firm has a market capitalization of $226.64 million, a PE ratio of 3.37 and a beta of 2.00. AG Mortgage Investment Trust has a twelve month low of $5.44 and a twelve month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. Equities analysts predict that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors 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 9.90%. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

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.