Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have received an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.17.

Several equities research analysts have recently commented on MITT shares. BidaskClub lowered shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, August 10th.

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AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. AG Mortgage Investment Trust had a return on equity of 11.43% and a net margin of 74.99%. The business had revenue of $21.60 million during the quarter, compared to analyst estimates of $21.65 million. During the same quarter in the previous year, the firm earned $0.50 EPS. AG Mortgage Investment Trust’s revenue was down 1.8% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 10.10%. The ex-dividend date was Thursday, September 28th. AG Mortgage Investment Trust’s dividend payout ratio is 66.43%.

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its holdings in AG Mortgage Investment Trust by 0.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,672 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in AG Mortgage Investment Trust by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,069 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 93 shares in the last quarter. KAMES CAPITAL plc increased its holdings in AG Mortgage Investment Trust by 0.9% in the 2nd quarter. KAMES CAPITAL plc now owns 26,392 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 240 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in AG Mortgage Investment Trust by 0.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 140,763 shares of the real estate investment trust’s stock worth $2,541,000 after acquiring an additional 688 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in AG Mortgage Investment Trust by 2.3% in the 2nd quarter. Aperio Group LLC now owns 47,642 shares of the real estate investment trust’s stock worth $872,000 after acquiring an additional 1,070 shares in the last quarter. 64.80% of the stock is owned by institutional investors.

About AG Mortgage Investment Trust

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