The stock of AG Mortgage Investment Trust Incorporated (NYSE:MITT) registered an increase of 5.49% in short interest. MITT’s total short interest was 651,400 shares in September as published by FINRA. Its up 5.49% from 617,500 shares, reported previously. With 109,700 shares average volume, it will take short sellers 6 days to cover their MITT’s short positions. The short interest to AG Mortgage Investment Trust Incorporated’s float is 2.37%. About 85,272 shares traded hands. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 39.53% since February 8, 2016 and is uptrending. It has outperformed by 23.04% the S&P500.
AG Mortgage Investment Trust, Inc. is a real estate investment trust . The company has a market cap of $443.85 million. 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 has a 97.03 P/E ratio. 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.
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.
Kazazian Asset Management Llc holds 3.38% of its portfolio in AG Mortgage Investment Trust Inc for 139,486 shares. Yorktown Management & Research Co Inc owns 480,000 shares or 1.58% of their US portfolio. Moreover, Entrustpermal Management Llc has 1.22% invested in the company for 167,900 shares. The California-based Fuller & Thaler Asset Management Inc. has invested 0.58% in the stock. Cedar Hill Associates Llc, a Illinois-based fund reported 183,500 shares.
Out of 2 analysts covering AG Mortgage Investment Trust (NYSE:MITT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $18.50 is the highest target while $15.50 is the lowest. The $17.38 average target is 11.27% above today’s ($15.62) stock price. AG Mortgage Investment Trust has been the topic of 5 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock on August 8 with “Hold” rating.
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