AG Mortgage Investment Trust Inc (NYSE:MITT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $16.11. AG Mortgage Investment Trust shares last traded at $16.07, with a volume of 2,868 shares changing hands.
The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $16.02. The company has a market capitalization of $527.44 million, a PE ratio of 8.59 and a beta of 0.93.
AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). AG Mortgage Investment Trust had a net margin of 19.01% and a return on equity of 11.42%. The company had revenue of $16.62 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 12.45%. The ex-dividend date of this dividend was Thursday, June 27th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new stake in shares of AG Mortgage Investment Trust during the first quarter worth $30,000. Advisor Group Inc. lifted its position in shares of AG Mortgage Investment Trust by 87.6% in the 4th quarter. Advisor Group Inc. now owns 2,157 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,007 shares during the period. Bank of Montreal Can acquired a new position in shares of AG Mortgage Investment Trust in the 2nd quarter worth approximately $44,000. Quantamental Technologies LLC acquired a new position in shares of AG Mortgage Investment Trust in the 2nd quarter worth approximately $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AG Mortgage Investment Trust by 151.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,003 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,410 shares during the period. 65.85% of the stock is currently owned by hedge funds and other institutional investors.
About AG Mortgage Investment Trust (NYSE:MITT)
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.
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