AG Mortgage Investment Trust Sets New 1-Year High at $19.82 (MITT)
Shares of AG Mortgage Investment Trust (NASDAQ:MITT) reached a new 52-week high during mid-day trading on Monday , AnalystRatings.Net reports. The stock traded as high as $19.82 and last traded at $19.68, with a volume of 150,909 shares. The stock had previously closed at $19.54.
MITT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of AG Mortgage Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $20.90 price target on the stock. Separately, 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, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of AG Mortgage Investment Trust in a research note on Wednesday, August 6th. They now have a $20.30 price target on the stock, up previously from $19.50. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $19.94.
The stock’s 50-day moving average is $18.82 and its 200-day moving average is $18.27. The company has a market cap of $558.3 million and a P/E ratio of 6.79.
AG Mortgage Investment Trust (NASDAQ:MITT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.01.
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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