Price Don’t Lie: What’s in AG Mortgage Investment Trust Inc After Achieving 52-Week High?

Price Don't Lie: What's in AG Mortgage Investment Trust Inc After Achieving 52 Week High?

The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) hit a new 52-week high and has $37.30 target or 118.00% above today’s $17.11 share price. The 8 months bullish chart indicates low risk for the $484.05M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $37.30 price target is reached, the company will be worth $571.18 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.87% or $0.15 during the last trading session, hitting $17.11. About 206,290 shares traded hands or 26.20% up from the average. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 29.09% since April 15, 2016 and is uptrending. It has outperformed by 24.47% the S&P500.

AG Mortgage Investment Trust Inc (NYSE:MITT) Ratings Coverage

Out of 3 analysts covering AG Mortgage Investment Trust (NYSE:MITT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. AG Mortgage Investment Trust has been the topic of 11 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 10 by Maxim Group. The stock has “Buy” rating given by Deutsche Bank on Monday, August 10. On Wednesday, November 11 the stock rating was maintained by Wunderlich with “Hold”. The rating was maintained by Maxim Group with “Buy” on Monday, November 9. The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) has “Buy” rating given on Monday, November 7 by Wunderlich. On Monday, August 8 the stock rating was maintained by Wunderlich with “Hold”. The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) earned “Market Perform” rating by Wood on Monday, August 17.

According to Zacks Investment Research, “AG Mortgage Investment Trust, Inc. is a real estate investment trust. The Company invests in, acquires and manages residential mortgage assets, other real estate-related securities and financial assets. Its non-Agency RMBS investments include fixed- and floating-rate securities, including investment grade and non investment grade. The Company’s Agency RMBS investments include mortgage pass-through securities and collateralized mortgage obligations. The Company mainly invests in CMBS and asset-backed securities. AG Mortgage Investment Trust, Inc. is headquartered in New York, New York.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.20, from 1.16 in 2016Q1. The ratio worsened, as 11 funds sold all AG Mortgage Investment Trust Inc shares owned while 34 reduced positions. 9 funds bought stakes while 34 increased positions. They now own 16.88 million shares or 2.28% less from 17.27 million shares in 2016Q1.
Deere And accumulated 0.01% or 18,177 shares. Legal & General Pcl has 4,131 shares for 0% of their US portfolio. California Pub Employees Retirement Sys, a California-based fund reported 110,100 shares. State Street Corporation has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). Royal Financial Bank Of Canada holds 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT) for 52,427 shares. Price T Rowe Assoc Inc Md holds 0% or 16,500 shares in its portfolio. Voya Inv Mgmt Llc reported 11,826 shares or 0% of all its holdings. Qs Investors Limited Liability Co last reported 0% of its portfolio in the stock. Barclays Public Ltd Com accumulated 0% or 95 shares. Manufacturers Life Insur The holds 0% or 20,230 shares in its portfolio. Tci Wealth Advisors Incorporated accumulated 100 shares or 0% of the stock. Wellington Mngmt Group Inc Ltd Liability Partnership has 0% invested in the company for 48,703 shares. Asset Mgmt last reported 0.06% of its portfolio in the stock. Great West Life Assurance Company Can accumulated 1,200 shares or 0% of the stock. Ubs Asset Mgmt Americas Incorporated, a Illinois-based fund reported 24,899 shares.

More important recent AG Mortgage Investment Trust Inc (NYSE:MITT) news were published by: Businesswire.com which released: “AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on …” on November 16, 2016, also Businesswire.com published article titled: “AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2015 Common …”, Businesswire.com published: “AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2016 Earnings …” on October 21, 2016. More interesting news about AG Mortgage Investment Trust Inc (NYSE:MITT) was released by: Businesswire.com and their article: “AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on …” with publication date: February 12, 2016.

MITT Company Profile

AG Mortgage Investment Trust, Inc., incorporated on March 1, 2011, is a real estate investment trust (REIT). The Firm 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. It is also focused on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

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