AG Mortgage Investment Trust (NYSE:MITT) Stock Rating Upgraded by StockNews.com

AG Mortgage Investment Trust (NYSE:MITT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

MITT has been the subject of several other reports. JMP Securities reissued a “market outperform” rating and issued a $7.00 target price on shares of AG Mortgage Investment Trust in a report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their target price on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Finally, Jonestrading reissued a “buy” rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AG Mortgage Investment Trust has an average rating of “Moderate Buy” and an average price target of $7.38.

AG Mortgage Investment Trust Stock Performance

NYSE:MITT opened at $6.81 on Monday. The stock has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $5.86. The stock has a market cap of $200.41 million, a P/E ratio of 3.91 and a beta of 1.98. AG Mortgage Investment Trust has a 1 year low of $4.82 and a 1 year high of $6.91.

Insider Transactions at AG Mortgage Investment Trust

In other AG Mortgage Investment Trust news, CEO Thomas Durkin purchased 50,000 shares of AG Mortgage Investment Trust stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $6.12 per share, with a total value of $306,000.00. Following the acquisition, the chief executive officer now directly owns 372,832 shares of the company’s stock, valued at $2,281,731.84. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of large investors have recently made changes to their positions in the stock. Beach Point Capital Management LP boosted its position in AG Mortgage Investment Trust by 68.0% during the fourth quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock worth $3,653,000 after purchasing an additional 232,895 shares in the last quarter. GSA Capital Partners LLP grew its stake in AG Mortgage Investment Trust by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock valued at $832,000 after acquiring an additional 9,092 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in AG Mortgage Investment Trust by 64.1% during the 4th quarter. Wolverine Asset Management LLC now owns 132,369 shares of the real estate investment trust’s stock valued at $841,000 after acquiring an additional 51,709 shares in the last quarter. Allworth Financial LP acquired a new position in AG Mortgage Investment Trust during the fourth quarter worth about $87,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.