Stock Mover of The Day: AG Mortgage Investment Trust Inc Just Reaches 52-Week High?

Stock Mover of The Day: AG Mortgage Investment Trust Inc Just Reaches 52 Week High?

The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) hit a new 52-week high and has $18.16 target or 3.00% above today’s $17.63 share price. The 9 months bullish chart indicates low risk for the $496.61 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $18.16 price target is reached, the company will be worth $14.90M 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. About 64,708 shares traded hands. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 29.86% since April 20, 2016 and is uptrending. It has outperformed by 25.30% 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. Wunderlich maintained the shares of MITT in a report on Monday, August 8 with “Hold” rating. The firm has “Buy” rating by Maxim Group given on Monday, August 10. The stock has “Hold” rating given by Wunderlich on Wednesday, November 11. The firm has “Buy” rating given on Monday, November 7 by Wunderlich. Maxim Group maintained the shares of MITT in a report on Monday, November 9 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Monday, August 10 report. Wood maintained the shares of MITT in a report on Monday, August 17 with “Market Perform” rating.

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 increased to 1.37 in Q2 2016. Its up 0.41, from 0.96 in 2016Q1. The ratio improved, 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.
Deutsche Bancorporation Ag holds 0% or 131,804 shares in its portfolio. Northpointe Capital Ltd Com has 0.32% invested in the company for 187,433 shares. Price T Rowe Assocs Md has 0% invested in the company for 16,500 shares. Teacher Retirement System Of Texas last reported 0% of its portfolio in the stock. Interest Group Inc holds 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT) for 16,174 shares. Whitebox Advisors Limited Liability, a Minnesota-based fund reported 18,709 shares. Bb&T accumulated 0% or 15,000 shares. Blackrock has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). The California-based First Republic Invest Mngmt has invested 0% in AG Mortgage Investment Trust Inc (NYSE:MITT). Wells Fargo And Mn has 18,277 shares for 0% of their US portfolio. General has 0.02% invested in the company for 220,122 shares. Ubs Asset Management Americas Incorporated last reported 0% of its portfolio in the stock. Qs Ltd Llc reported 2,361 shares or 0% of all its holdings. Moreover, Citadel Lc has 0% invested in AG Mortgage Investment Trust Inc (NYSE:MITT) for 16,606 shares. First Tru Advsrs L P last reported 0% of its portfolio in the stock.

More news for AG Mortgage Investment Trust Inc (NYSE:MITT) were recently published by: Businesswire.com, which released: “AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2016 Earnings …” on October 21, 2016. Businesswire.com‘s article titled: “AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2015 Common …” and published on December 10, 2015 is yet another important article.

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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