Price Action To Observe: AG Mortgage Investment Trust Inc Hit 52-Week High

Price Action To Observe: AG Mortgage Investment Trust Inc Hit 52 Week High

The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) hit a new 52-week high and has $40.97 target or 144.00% above today’s $16.79 share price. The 9 months bullish chart indicates low risk for the $460.89 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $40.97 price target is reached, the company will be worth $663.68 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 increased 1.94% or $0.32 on November 11, hitting $16.79. About 291,659 shares traded hands or 96.75% up from the average. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 26.40% since April 11, 2016 and is uptrending. It has outperformed by 20.26% 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 AG Mortgage Investment Trust Inc (NYSE:MITT) on Wednesday, November 11 with “Hold” rating. Wunderlich upgraded AG Mortgage Investment Trust Inc (NYSE:MITT) on Monday, November 7 to “Buy” rating. On Monday, November 9 the stock rating was maintained by Maxim Group with “Buy”. As per Monday, August 10, the company rating was maintained by Deutsche Bank. The rating was maintained by Maxim Group with “Buy” on Monday, August 10. The firm has “Market Perform” rating given on Monday, August 17 by Wood. Wunderlich maintained AG Mortgage Investment Trust Inc (NYSE:MITT) on Monday, August 8 with “Hold” 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 decreased to 0.96 in Q2 2016. 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.
Goldman Sachs Group Inc, a New York-based fund reported 31,180 shares. Vanguard Gru Inc accumulated 0% or 1.98 million shares. Invesco Ltd holds 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT) for 659,842 shares. Whitebox Advsrs Lc has invested 0.01% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Tower Rech Limited Liability Company (Trc) owns 515 shares or 0% of their US portfolio. California Pub Employees Retirement System, a California-based fund reported 110,100 shares. First Republic Inv accumulated 0% or 25,000 shares. Mufg Americas Holdings has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Aperio Gp Limited Liability Com reported 52,387 shares or 0.01% of all its holdings. Clarivest Asset Mgmt Ltd Liability holds 88,236 shares or 0.04% of its portfolio. Piedmont Inv Ltd Llc last reported 0% of its portfolio in the stock. Oppenheimer And Incorporated accumulated 195,908 shares or 0.08% of the stock. Wellington Mngmt Grp Inc Llp has 0% invested in the company for 48,703 shares.

More recent AG Mortgage Investment Trust Inc (NYSE:MITT) news were published by: Businesswire.com which released: “AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2015 Common …” on December 10, 2015. Also Businesswire.com published the news titled: “AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2016 Earnings …” on October 21, 2016. Businesswire.com‘s news article titled: “AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on …” with publication date: February 12, 2016 was also an interesting one.

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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