Media stories about AG Mortgage Investment (NYSE:MITT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AG Mortgage Investment earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.3353969985152 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.25 price target on shares of AG Mortgage Investment in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. AG Mortgage Investment presently has a consensus rating of “Hold” and a consensus price target of $18.25.
MITT stock traded up $0.08 during midday trading on Tuesday, reaching $17.28. 46,223 shares of the stock were exchanged, compared to its average volume of 145,168. AG Mortgage Investment has a 52 week low of $16.31 and a 52 week high of $19.95. The firm has a market capitalization of $481.30, a P/E ratio of 9.03 and a beta of 0.69. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.03.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.475 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.00%.
In other AG Mortgage Investment news, CFO Brian C. Sigman acquired 7,200 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were bought at an average cost of $17.09 per share, with a total value of $123,048.00. Following the purchase, the chief financial officer now directly owns 38,500 shares of the company’s stock, valued at $657,965. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is owned by insiders.
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AG Mortgage Investment Company Profile
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.
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