AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Rating) was the target of a surge in short-term interest in April. As of April 15, there was short interest totaling 331,500 shares, an increase of 45.3% from the March 31 total of 228,100 shares. Based on an average daily trading volume of 223,400 shares, the short-term interest rate ratio is currently 1.5 days. About 1.6% of the stock’s shares are sold short.
Separately, StockNews.com began covering AG Mortgage Investment Trust in a Thursday, March 31 report. They issued a “holding” rating for the company. Two research analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, AG Mortgage Investment Trust currently has a consensus rating of “Buy” and an average price target of $13.69.
NYSE MITT lost $0.01 during Friday trading hours, hitting $7.59. 180,654 shares of the company were traded, against an average volume of 197,286. The stock has a market capitalization of $181.55 million, a PE ratio of 1.35 and a beta of 1.45. AG Mortgage Investment Trust has a one-year minimum of $7.09 and a one-year maximum of $14.85. The company has a fifty-day moving average of $8.54 and a 200-day moving average of $10.01.
AG Mortgage Investment Trust (NYSE:MITT – Get Rating) released its quarterly results for the last time on Wednesday, February 23. The real estate investment trust reported EPS of $0.33 for the quarter, beating the Zacks consensus estimate of $0.16 by $0.17. AG Mortgage Investment Trust posted a return on equity of 11.69% and a net margin of 141.14%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Thursday, March 31 received a dividend of $0.21. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.84 on an annualized basis and a yield of 11.07%. AG Mortgage Investment Trust’s payout ratio is 14.92%.
A number of institutional investors and hedge funds have recently changed their positions in the company. Beach Point Capital Management LP increased its position in AG Mortgage Investment Trust by 80.2% in the fourth quarter. Beach Point Capital Management LP now owns 1,387,609 shares of the real estate investment trust worth $14,223,000 after purchasing an additional 617,387 shares in the last quarter. Angelo Gordon & CO. LP increased its position in AG Mortgage Investment Trust by 217.4% in Q4. Angelo Gordon & CO. LP now owns 973,291 shares of the real estate investment trust worth $9,976,000 after purchasing an additional 666,668 shares in the last quarter. BlackRock Inc. increased its position in shares of AG Mortgage Investment Trust by 181.8% in the fourth quarter. BlackRock Inc. now owns 801,259 shares of the real estate investment trust worth $8,213,000 after buying an additional 516,924 shares in the last quarter. HBK Investments LP bought a new position in shares of AG Mortgage Investment Trust in the 4th quarter for a value of $6,150,000. Finally, Millennium Management LLC increased its position in shares of AG Mortgage Investment Trust by 182.0% in the 4th quarter. Millennium Management LLC now owns 512,002 shares of the real estate investment trust worth $5,248,000 after purchasing an additional 330,464 shares in the last quarter. Hedge funds and other institutional investors hold 48.59% of the company’s shares.
AG Mortgage Investment Trust Company Profile (Get a rating)
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-qualifying mortgages, non-occupied loans by government-sponsored entities, re/non-performing loans, land-related financing and residential mortgage-backed securities. agency; and business investments.
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