AG Mortgage Investment Trust, Inc. (NYSE:MITT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.42 and last traded at $19.42, with a volume of 186,163 shares. The stock had previously closed at $18.76.

A number of equities analysts recently issued reports on MITT shares. Zacks Investment Research downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reissued a “hold” rating and issued a $18.00 price target on shares of AG Mortgage Investment Trust in a research note on Friday, May 5th. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods set a $18.00 price target on shares of AG Mortgage Investment Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Finally, Wunderlich increased their price target on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a research note on Monday, May 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.38.

The company has a market capitalization of $535.81 million, a P/E ratio of 6.91 and a beta of 0.94. The stock has a 50-day moving average price of $18.51 and a 200-day moving average price of $18.19.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, June 19th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 9.82%. The ex-dividend date was Thursday, June 15th. AG Mortgage Investment Trust’s payout ratio is currently 68.10%.

A number of large investors have recently added to or reduced their stakes in MITT. State Street Corp boosted its stake in AG Mortgage Investment Trust by 6.9% in the fourth quarter. State Street Corp now owns 630,686 shares of the real estate investment trust’s stock valued at $10,786,000 after buying an additional 40,932 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in AG Mortgage Investment Trust during the fourth quarter valued at about $2,639,000. Nisa Investment Advisors LLC purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $105,000. KAMES CAPITAL plc purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $472,000. Finally, BB&T Corp boosted its stake in AG Mortgage Investment Trust by 0.7% in the first quarter. BB&T Corp now owns 15,100 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 66.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/ag-mortgage-investment-trust-inc-mitt-reaches-new-52-week-high-at-19-42/1466160.html.

About AG Mortgage Investment Trust

Receive News & Ratings for AG Mortgage Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.