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AG Mortgage Investment Trust (NASDAQ:MITT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, ARN reports. The firm currently has a $16.70 target price on the stock. Zacks‘ price objective would indicate a potential upside of 2.45% from the company’s current price.

Shares of AG Mortgage Investment Trust (NASDAQ:MITT) traded up 0.25% on Tuesday, hitting $16.34. The stock had a trading volume of 107,941 shares. AG Mortgage Investment Trust has a one year low of $15.10 and a one year high of $26.94. The stock has a 50-day moving average of $15.93 and a 200-day moving average of $16.63. The company’s market cap is $463.7 million.

AG Mortgage Investment Trust (NASDAQ:MITT) last released its earnings data on Tuesday, November 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.10. The company had revenue of $27.69 million for the quarter. The company’s revenue for the quarter was down 38.6% on a year-over-year basis.

AG Mortgage Investment Trust, Inc is a real estate investment trust (NASDAQ:MITT) focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which it refers to as its target assets.

To view Zacks’ full report, visit www.zacks.com

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