AG Mortgage Investment Trust Inc (NYSE:MITT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “AG Mortgage Investment Trust, Inc. is a real estate investment trust. The Company invests in, acquires and manages residential mortgage assets, other real estate-related securities and financial assets. Its non-Agency RMBS investments include fixed- and floating-rate securities, including investment grade and non investment grade. The Company’s Agency RMBS investments include mortgage pass-through securities and collateralized mortgage obligations. The Company mainly invests in CMBS and asset-backed securities. AG Mortgage Investment Trust, Inc. is headquartered in New York, New York. “

A number of other analysts have also issued reports on the stock. Credit Suisse Group reissued a “hold” rating and set a $18.00 target price on shares of AG Mortgage Investment Trust in a research note on Friday, May 5th. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods set a $18.00 target price on shares of AG Mortgage Investment Trust and gave the company a “hold” rating in a research note on Wednesday, May 10th. Finally, Wunderlich boosted their target price on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a “hold” rating in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.38.

AG Mortgage Investment Trust (NYSE MITT) traded down 1.19% during midday trading on Wednesday, hitting $18.22. 87,154 shares of the stock traded hands. The company has a market cap of $504.79 million, a price-to-earnings ratio of 6.51 and a beta of 0.94. AG Mortgage Investment Trust has a 52-week low of $13.88 and a 52-week high of $19.38. The firm’s 50-day moving average is $18.65 and its 200-day moving average is $18.00.

AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $19.80 million for the quarter. AG Mortgage Investment Trust had a net margin of 80.89% and a return on equity of 17.48%. Analysts predict that AG Mortgage Investment Trust will post $1.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, June 19th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date is Thursday, June 15th. AG Mortgage Investment Trust’s dividend payout ratio is currently 68.10%.

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A number of hedge funds have recently added to or reduced their stakes in MITT. Nisa Investment Advisors LLC acquired a new stake in AG Mortgage Investment Trust during the first quarter worth $105,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in AG Mortgage Investment Trust during the fourth quarter worth $116,000. Hancock Holding Co. acquired a new stake in AG Mortgage Investment Trust during the first quarter worth $186,000. Teza Capital Management LLC acquired a new stake in AG Mortgage Investment Trust during the first quarter worth $197,000. Finally, Comerica Bank acquired a new stake in AG Mortgage Investment Trust during the first quarter worth $232,000. 66.42% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Company Profile

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