AG Mortgage Investment Trust, Inc. (MITT) Receives $18.17 Consensus PT from Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have received an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.17.

Several equities analysts recently issued reports on the company. BidaskClub lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Credit Suisse Group restated a “hold” rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, August 10th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in AG Mortgage Investment Trust by 9.1% during the 2nd quarter. Sterling Capital Management LLC now owns 52,882 shares of the real estate investment trust’s stock worth $968,000 after acquiring an additional 4,406 shares during the last quarter. Susquehanna International Group LLP grew its position in AG Mortgage Investment Trust by 56.1% during the 2nd quarter. Susquehanna International Group LLP now owns 73,934 shares of the real estate investment trust’s stock worth $1,353,000 after acquiring an additional 26,582 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in AG Mortgage Investment Trust by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,069 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 93 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in AG Mortgage Investment Trust during the 2nd quarter worth approximately $220,000. Finally, Caxton Associates LP grew its position in AG Mortgage Investment Trust by 19.1% during the 2nd quarter. Caxton Associates LP now owns 31,245 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 64.72% of the company’s stock.

Shares of AG Mortgage Investment Trust (MITT) traded up 0.83% during mid-day trading on Wednesday, reaching $19.34. The company had a trading volume of 536,742 shares. AG Mortgage Investment Trust has a 12-month low of $14.61 and a 12-month high of $19.57. The firm has a market capitalization of $538.19 million, a PE ratio of 5.97 and a beta of 0.92. The stock has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.51.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. AG Mortgage Investment Trust had a return on equity of 11.97% and a net margin of 85.21%. The business had revenue of $31.22 million for the quarter, compared to analyst estimates of $21.76 million. During the same period last year, the company earned $0.43 EPS. AG Mortgage Investment Trust’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that AG Mortgage Investment Trust will post $1.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.90 annualized dividend and a yield of 9.82%. AG Mortgage Investment Trust’s payout ratio is 58.82%.

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AG Mortgage Investment Trust Company Profile

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