AG Mortgage Investment Trust (NYSE:MITT) Stock Rating Upgraded by Wall Street Zen

AG Mortgage Investment Trust (NYSE:MITT) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other research firms have also weighed in on MITT. Jones Trading reissued a “buy” rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. JMP Securities reissued a “market outperform” rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Finally, UBS Group set a $8.00 price objective on AG Mortgage Investment Trust and gave the company a “buy” rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.20.

AG Mortgage Investment Trust Stock Performance

Shares of MITT opened at $6.89 on Thursday. AG Mortgage Investment Trust has a 52 week low of $5.63 and a 52 week high of $7.95. The stock has a market capitalization of $204.47 million, a price-to-earnings ratio of 3.02 and a beta of 1.48. The stock has a fifty day moving average of $6.79 and a 200-day moving average of $6.90.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. The firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.67 million. As a group, equities analysts forecast that AG Mortgage Investment Trust will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of AG Mortgage Investment Trust by 65.7% in the 1st quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust’s stock worth $2,089,000 after purchasing an additional 113,564 shares during the period. Northern Trust Corp boosted its position in AG Mortgage Investment Trust by 10.2% during the fourth quarter. Northern Trust Corp now owns 278,109 shares of the real estate investment trust’s stock valued at $1,849,000 after acquiring an additional 25,736 shares during the last quarter. Wolverine Asset Management LLC boosted its position in AG Mortgage Investment Trust by 2.6% during the first quarter. Wolverine Asset Management LLC now owns 200,534 shares of the real estate investment trust’s stock valued at $1,464,000 after acquiring an additional 5,167 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in AG Mortgage Investment Trust by 20.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,532 shares of the real estate investment trust’s stock valued at $1,427,000 after acquiring an additional 33,480 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in AG Mortgage Investment Trust during the first quarter valued at $927,000. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.