AG Mortgage Investment Trust, Inc. (NYSE:MITT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report 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 research firms also recently weighed in on MITT. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Wunderlich increased 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 report on Monday, May 8th. 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 report on Wednesday, May 10th. Finally, Credit Suisse Group reissued a “hold” rating and set a $18.00 target price on shares of AG Mortgage Investment Trust in a research report on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.38.

Shares of AG Mortgage Investment Trust (MITT) opened at 18.30 on Wednesday. AG Mortgage Investment Trust has a 12 month low of $13.88 and a 12 month high of $19.38. The stock’s 50 day moving average is $18.65 and its 200 day moving average is $18.00. The firm has a market cap of $507.00 million, a PE ratio of 6.54 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $19.80 million for the quarter. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. Analysts forecast that AG Mortgage Investment Trust will post $1.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, June 19th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend is Thursday, June 15th. AG Mortgage Investment Trust’s payout ratio is 68.10%.

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Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in AG Mortgage Investment Trust during the first quarter worth about $105,000. Hancock Holding Co. acquired a new position in AG Mortgage Investment Trust during the first quarter worth about $186,000. Teza Capital Management LLC acquired a new position in AG Mortgage Investment Trust during the first quarter worth about $197,000. Comerica Bank acquired a new position in AG Mortgage Investment Trust during the first quarter worth about $232,000. Finally, Stevens Capital Management LP acquired a new position in AG Mortgage Investment Trust during the first quarter worth about $262,000. Hedge funds and other institutional investors own 66.42% of the company’s stock.

AG Mortgage Investment Trust Company Profile

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