Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.17.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Wunderlich increased their price objective on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a “hold” rating in a report on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of AG Mortgage Investment Trust and gave the company a “hold” rating in a report on Wednesday, May 10th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a report on Monday, May 15th.

Large investors have recently bought and sold shares of the company. BB&T Corp increased its stake in shares of AG Mortgage Investment Trust by 0.7% in the first quarter. BB&T Corp now owns 15,100 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 100 shares in the last quarter. KAMES CAPITAL plc increased its stake in shares of AG Mortgage Investment Trust by 0.9% in the second quarter. KAMES CAPITAL plc now owns 26,392 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 240 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of AG Mortgage Investment Trust by 0.5% in the first quarter. Parametric Portfolio Associates LLC now owns 140,763 shares of the real estate investment trust’s stock valued at $2,541,000 after buying an additional 688 shares in the last quarter. Aperio Group LLC increased its stake in shares of AG Mortgage Investment Trust by 2.3% in the second quarter. Aperio Group LLC now owns 47,642 shares of the real estate investment trust’s stock valued at $872,000 after buying an additional 1,070 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of AG Mortgage Investment Trust by 7.0% in the first quarter. American International Group Inc. now owns 17,294 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 1,138 shares in the last quarter. Institutional investors own 66.48% of the company’s stock.

Shares of AG Mortgage Investment Trust (NYSE:MITT) traded down 0.49% during mid-day trading on Tuesday, hitting $18.43. The stock had a trading volume of 133,589 shares. The stock has a market cap of $510.60 million, a P/E ratio of 6.59 and a beta of 0.94. The stock has a 50-day moving average price of $18.62 and a 200 day moving average price of $18.12. AG Mortgage Investment Trust has a 52 week low of $13.88 and a 52 week high of $19.38.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.04. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. The business had revenue of $19.80 million during the quarter. On average, equities analysts forecast that AG Mortgage Investment Trust will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, June 19th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.90 annualized dividend and a yield of 10.31%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 68.10%.

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About AG Mortgage Investment Trust

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