AG Mortgage Investment Trust Rating Lowered to Neutral at Zacks (MITT)
AG Mortgage Investment Trust (NASDAQ:MITT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday. They currently have a $20.90 target price on the stock. Zacks‘s price target would suggest a potential upside of 11.59% from the stock’s previous close.
AG Mortgage Investment Trust (NASDAQ:MITT) traded up 0.59% during mid-day trading on Friday, hitting $18.73. 155,688 shares of the company’s stock traded hands. AG Mortgage Investment Trust has a 52 week low of $15.10 and a 52 week high of $19.58. The stock has a 50-day moving average of $18.74 and a 200-day moving average of $18.09. The company has a market cap of $531.5 million and a P/E ratio of 6.47.
AG Mortgage Investment Trust (NASDAQ:MITT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.01.
MITT has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of AG Mortgage Investment Trust from $19.50 to $20.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of AG Mortgage Investment Trust in a research note on Wednesday. They now have a $20.30 price target on the stock, up previously from $19.50. Finally, analysts at Credit Suisse raised their price target on shares of AG Mortgage Investment Trust from $17.50 to $18.50 in a research note on Tuesday, May 27th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AG Mortgage Investment Trust presently has an average rating of “Buy” and an average price target of $19.95.
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.
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