AG Mortgage Investment Trust Inc. (NYSE:MITT) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the stock. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.40.

Several equities research analysts recently weighed in on MITT shares. TheStreet raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating on shares of AG Mortgage Investment Trust in a research report on Sunday, September 11th. Zacks Investment Research raised shares of AG Mortgage Investment Trust from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Wednesday, November 9th. Wunderlich lifted their target price on shares of AG Mortgage Investment Trust from $15.50 to $17.00 and gave the stock a “hold” rating in a research report on Monday, August 8th. Finally, JMP Securities reaffirmed a “hold” rating on shares of AG Mortgage Investment Trust in a research report on Tuesday, August 16th.

Several large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its stake in shares of AG Mortgage Investment Trust by 20.6% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,330,468 shares of the real estate investment trust’s stock worth $33,652,000 after buying an additional 397,503 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of AG Mortgage Investment Trust by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,977,128 shares of the real estate investment trust’s stock worth $28,550,000 after buying an additional 44,803 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of AG Mortgage Investment Trust by 4.9% in the third quarter. BlackRock Fund Advisors now owns 1,422,190 shares of the real estate investment trust’s stock worth $22,399,000 after buying an additional 66,545 shares during the last quarter. LSV Asset Management increased its stake in shares of AG Mortgage Investment Trust by 3.2% in the second quarter. LSV Asset Management now owns 909,613 shares of the real estate investment trust’s stock worth $13,134,000 after buying an additional 28,100 shares during the last quarter. Finally, FMR LLC increased its stake in shares of AG Mortgage Investment Trust by 10.3% in the second quarter. FMR LLC now owns 862,859 shares of the real estate investment trust’s stock worth $12,460,000 after buying an additional 80,826 shares during the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Shares of AG Mortgage Investment Trust (NYSE:MITT) opened at 17.11 on Tuesday. The stock has a market cap of $473.95 million, a P/E ratio of 9.50 and a beta of 0.78. AG Mortgage Investment Trust has a 12 month low of $10.33 and a 12 month high of $17.32. The company has a 50 day moving average price of $15.59 and a 200-day moving average price of $15.00.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 23rd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date was Wednesday, September 21st. AG Mortgage Investment Trust’s payout ratio is 104.40%.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets.

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