Analysts Set AG Mortgage Investment Trust, Inc. (NYSE:MITT) Price Target at $8.30

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.30.

A number of equities research analysts have commented on MITT shares. Jones Trading raised their price objective on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. JMP Securities restated a “market outperform” rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd.

AG Mortgage Investment Trust Stock Performance

AG Mortgage Investment Trust stock opened at $7.32 on Friday. AG Mortgage Investment Trust has a 52 week low of $5.44 and a 52 week high of $7.95. The firm has a market capitalization of $216.96 million, a price-to-earnings ratio of 3.21 and a beta of 2.05. The company has a 50 day moving average price of $6.95 and a 200 day moving average price of $7.11.

AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The business had revenue of $22.00 million during the quarter, compared to analyst estimates of $18.44 million. Equities analysts forecast that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is currently 61.79%.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in AG Mortgage Investment Trust by 98.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,739 shares in the last quarter. Quarry LP increased its stake in shares of AG Mortgage Investment Trust by 158.9% during the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 3,914 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 2,231 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of AG Mortgage Investment Trust in the 4th quarter valued at $70,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in AG Mortgage Investment Trust in the fourth quarter worth $70,000. 27.32% of the stock is currently owned by institutional investors and hedge funds.

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.