Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Free Report) have been given an average rating of “Moderate Buy” by the four brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.75.
A number of brokerages have recently issued reports on MITT. Jonestrading restated a “buy” rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research report on Friday, May 3rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $7.50 target price on shares of AG Mortgage Investment Trust in a report on Monday, June 17th. Piper Sandler assumed coverage on AG Mortgage Investment Trust in a report on Friday. They issued an “overweight” rating and a $9.00 target price for the company. StockNews.com upgraded AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Finally, JMP Securities boosted their price objective on AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Friday, July 19th.
View Our Latest Research Report on MITT
Institutional Inflows and Outflows
AG Mortgage Investment Trust Price Performance
Shares of MITT opened at $7.39 on Friday. AG Mortgage Investment Trust has a 1 year low of $4.82 and a 1 year high of $7.65. The company has a market capitalization of $217.78 million, a price-to-earnings ratio of 4.25 and a beta of 2.06. The business has a 50-day moving average of $6.91 and a 200-day moving average of $6.38.
AG Mortgage Investment Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 10.28%. AG Mortgage Investment Trust’s payout ratio is currently 43.68%.
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.
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