Analysts Set AG Mortgage Investment Trust, Inc. (NYSE:MITT) PT at $9.17

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.1667.

Several equities analysts have commented on MITT shares. JonesTrading raised their target price on shares of AG Mortgage Investment Trust from $8.50 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research note on Friday, April 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of AG Mortgage Investment Trust from $9.00 to $8.50 and set a “market perform” rating on the stock in a research note on Friday, May 1st.

Hedge Funds Weigh In On AG Mortgage Investment Trust

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in shares of AG Mortgage Investment Trust by 103.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,413 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,756 shares in the last quarter. Strs Ohio bought a new position in shares of AG Mortgage Investment Trust during the 1st quarter valued at about $39,000. Kemnay Advisory Services Inc. bought a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $40,000. Russell Investments Group Ltd. boosted its position in shares of AG Mortgage Investment Trust by 103.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,095 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,614 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of AG Mortgage Investment Trust by 258.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 6,460 shares in the last quarter. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Stock Up 1.8%

AG Mortgage Investment Trust stock opened at $7.71 on Friday. The stock has a market cap of $245.11 million, a price-to-earnings ratio of 19.27 and a beta of 1.63. The company has a current ratio of 10.33, a quick ratio of 10.33 and a debt-to-equity ratio of 23.76. The company’s 50-day moving average price is $7.73 and its two-hundred day moving average price is $8.14. AG Mortgage Investment Trust has a 52 week low of $6.86 and a 52 week high of $9.27.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $6.47 million for the quarter, compared to analysts’ expectations of $21.97 million. AG Mortgage Investment Trust had a net margin of 6.71% and a return on equity of 15.02%. On average, analysts expect that AG Mortgage Investment Trust will post 1.09 EPS for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.23. AG Mortgage Investment Trust’s dividend payout ratio is 240.00%.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).