AG Mortgage Investment Trust, Inc. (MITT) Given Average Rating of “Hold” by Brokerages

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.17.

Separately, BidaskClub downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.

Several institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of AG Mortgage Investment Trust during the 3rd quarter worth $961,000. Allianz Asset Management GmbH lifted its position in AG Mortgage Investment Trust by 49.3% in the third quarter. Allianz Asset Management GmbH now owns 478,488 shares of the real estate investment trust’s stock valued at $9,206,000 after acquiring an additional 158,092 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in AG Mortgage Investment Trust in the third quarter valued at $252,000. OxFORD Asset Management LLP purchased a new stake in AG Mortgage Investment Trust in the third quarter valued at $321,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in AG Mortgage Investment Trust in the third quarter valued at $498,000. 65.74% of the stock is owned by institutional investors and hedge funds.

Shares of AG Mortgage Investment Trust (MITT) traded down $0.05 during midday trading on Tuesday, hitting $18.48. 114,600 shares of the stock were exchanged, compared to its average volume of 179,544. The firm has a market cap of $521.00, a P/E ratio of 6.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. AG Mortgage Investment Trust has a fifty-two week low of $17.05 and a fifty-two week high of $19.95.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $21.60 million during the quarter, compared to the consensus estimate of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.90 annualized dividend and a yield of 10.28%. AG Mortgage Investment Trust’s dividend payout ratio is presently 66.43%.

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