Short Interest Update for AG Mortgage Investment Trust, Inc. (NYSE:MITT)

During December, there was a discernible drop in the total amount of short interest at AG Mortgage Investment Trust, Inc. (NYSE: MITT). Compared to the 410,800 shares borrowed on November 30, there were 329,500 shares borrowed as of December 15. This represents a decrease of 19.8% compared to the number of shares borrowed on November 30. As a result, short sales account for approximately 1.7% of the total number of shares issued by the company. The current days-to-cover ratio is 1.4 days, calculated based on an average daily volume of 229,800 shares. This number was arrived at after considering the stock’s historical volatility.
The price per share of AG Mortgage Investment Trust dropped by $0.06 on Friday during regular trading hours, bringing the total price for the company’s shares to $5.31. The total number of shares traded was 250,843, significantly higher than the daily average volume of 154,909 shares. The price of the AG Mortgage Investment Trust has recently reached $10.68, representing a significant increase from its low point over the past year, which was $3.52. The company’s moving average over the past 50 days is $5.53, and its moving average over the past 200 days is $6.01. Despite having a market value of $117.14 million, a price-to-earnings ratio of 1.76, and a beta of 1.76, the company does not generate a profit.
MITT has been the focus of multiple analyst reports throughout the past few months. In a report made available on December 19, JonesTrading announced that the price objective they had previously established for AG Mortgage Investment Trust had been reduced from $13.00 to $8.00. Credit Suisse Group revealed their intention to reduce their AG Mortgage Investment Trust price target to $7.00 in a report that was made public on Thursday, October 13. The AG Mortgage Investment Trust was added to StockNews.com’s coverage on Wednesday, October 12. They suggested “putting up for sale” some of the company’s shares. Finally, in a report distributed on October 20, JMP Securities lowered their price objective on AG Mortgage Investment Trust from $9.00 to $7.00 and downgraded their “market outperform” rating on the investment vehicle. This was the final change, but certainly not the least important one.
In addition, the business just recently announced a quarterly dividend scheduled to be paid out on January 31. On December 30, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.18 per share. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. This equates to a dividend payment of $0.72 per year and a dividend yield of 13.56 percent if we look at things on an annualized basis. At the moment, the payout ratio for AG Mortgage Investment Trust is sitting at a value of -23.92%.
The MITT holdings of various hedge funds have been subject to churning in recent days. Engineers Gate Manager LP made a new investment in AG Mortgage Investment Trust during the third quarter of the fiscal year. It is estimated that the holding is worth somewhere around $43,000. Apollon Wealth Management LLC increased its holdings in AG Mortgage Investment Trust during the third quarter by investing approximately $51,000. This increased the total value of that company’s assets. By purchasing a new position in AG Mortgage Investment Trust during the third quarter, Roosevelt Investment Group LLC increased its holdings in the company, bringing the total value of its investment to approximately $57,000. Charles Schwab Investment Management Inc. increased its overall holdings in the company by investing approximately $98,000 more in AG Mortgage Investment Trust during the first three months of the year. This contributed to the growth of the firm’s overall portfolio. During the first three months of 2018, Acadian Asset Management LLC made a new investment worth approximately 113,000 dollars. The AG Mortgage Investment Trust was chosen as the recipient of this investment. Institutions currently own 39.6 percent of the total number of outstanding shares of stock.
AG Mortgage Investment Trust, Inc. operates in the residential mortgage real estate investment trust market in the United States of America. Its investment portfolio includes non-qualifying mortgage loans, non-owner occupied loans from government-sponsored entities, re/non-performing loans, land-related finance, and agency residential mortgage-backed securities.

Leave a Comment