AG Mortgage Investment Trust (MITT) : Traders are bullish on AG Mortgage Investment Trust (MITT) as it has outperformed the S&P 500 by a wide margin of 5.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.75% in the last 1 week, and is up 3.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 4.66%.The 200 Day SMA reached 21.9% AG Mortgage Investment Trust, Inc. is up 12.32% in the last 3-month period. Year-to-Date the stock performance stands at 34.12%.
AG Mortgage Investment Trust (MITT) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $15. The average forecast of all the analysts is $16.5 and the expected standard deviation is $1.47.
Company shares have received an average consensus rating of Hold for the current week AG Mortgage Investment Trust (NYSE:MITT): The stock opened at $16.03 and touched an intraday high of $16.06 on Friday. During the day, the stock corrected to an intraday low of $15.8, however, the bulls stepped in and pushed the price higher to close in the green at $16.05 with a gain of 0.12% for the day. The total traded volume for the day was 1,118,433. The stock had closed at $16.05 in the previous trading session.
AG Mortgage Investment Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, acquiring and managing a diversified portfolio of 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), 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 majority of the Companys portfolio consists of mortgage-backed securities, specifically RMBS.