AG Mortgage Investment Trust, Inc. (NYSE:MITT) Short Interest Down 26.0% in January

AG Mortgage Investment Trust, Inc. (NYSE:MITT) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 402,600 shares, a decline of 26.0% from the December 31st total of 543,800 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 257,300 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

A number of analysts have issued reports on MITT shares. StockNews.com lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $8.50 target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AG Mortgage Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $8.25.

AG Mortgage Investment Trust Stock Up 2.5 %

AG Mortgage Investment Trust stock opened at $6.76 on Friday. The business has a 50 day moving average price of $6.76 and a two-hundred day moving average price of $7.09. AG Mortgage Investment Trust has a 12 month low of $5.44 and a 12 month high of $7.95. The stock has a market cap of $199.34 million, a price-to-earnings ratio of 2.96 and a beta of 1.99.

AG Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.25%. AG Mortgage Investment Trust’s payout ratio is 33.33%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

A number of institutional investors have recently bought and sold shares of MITT. JPMorgan Chase & Co. raised its stake in shares of AG Mortgage Investment Trust by 8.7% in 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 in the last quarter. Barclays PLC raised its position in AG Mortgage Investment Trust by 54.7% in the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 17,243 shares in the last quarter. Geode Capital Management LLC lifted its stake in AG Mortgage Investment Trust by 5.8% during the third quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock worth $4,980,000 after purchasing an additional 36,081 shares during the period. Jane Street Group LLC acquired a new stake in AG Mortgage Investment Trust during the third quarter valued at approximately $94,000. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of AG Mortgage Investment Trust in the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 27.32% of the company’s stock.

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.