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 company’s stock are short sold.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE MITT traded up $0.11 during mid-day trading on Monday, reaching $7.68. The company had a trading volume of 431,900 shares, compared to its average volume of 225,120. AG Mortgage Investment Trust has a twelve month low of $5.44 and a twelve month high of $7.95. The stock’s 50 day moving average is $6.87 and its 200-day moving average is $7.08. The stock has a market capitalization of $226.64 million, a PE ratio of 3.37 and a beta of 2.00.

AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that AG Mortgage Investment Trust will post 0.78 EPS for the current year.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.90%. The ex-dividend date was Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is presently 33.33%.

Institutional Trading of AG Mortgage Investment Trust

Several large investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC acquired a new stake in shares of AG Mortgage Investment Trust in the 4th quarter valued at $159,000. Squarepoint Ops LLC bought a new position in AG Mortgage Investment Trust during the fourth quarter valued at about $186,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of AG Mortgage Investment Trust in the fourth quarter worth about $70,000. Cary Street Partners Financial LLC acquired a new stake in shares of AG Mortgage Investment Trust in the fourth quarter worth about $83,000. Finally, Bank of America Corp DE boosted its stake in shares of AG Mortgage Investment Trust by 23.9% during the 4th quarter. Bank of America Corp DE now owns 37,206 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 7,179 shares in the last quarter. 27.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.