AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Average Recommendation of “Moderate Buy” from Analysts

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.60.

A number of equities analysts have recently issued reports on the company. Zacks Research raised AG Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group boosted their price target on shares of AG Mortgage Investment Trust from $8.75 to $9.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Jones Trading reiterated a “buy” rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AG Mortgage Investment Trust in a report on Wednesday, October 8th.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT opened at $8.32 on Friday. The firm’s 50 day simple moving average is $7.55 and its 200-day simple moving average is $7.53. AG Mortgage Investment Trust has a one year low of $5.63 and a one year high of $8.37. The firm has a market cap of $264.01 million, a PE ratio of 8.94 and a beta of 1.63.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Wednesday, September 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $11.49 million for the quarter. AG Mortgage Investment Trust had a return on equity of 13.88% and a net margin of 11.03%. Equities research analysts predict that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Tuesday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 90.32%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in AG Mortgage Investment Trust by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 168,478 shares of the real estate investment trust’s stock valued at $1,272,000 after acquiring an additional 1,350 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of AG Mortgage Investment Trust by 103.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,413 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,756 shares during the last quarter. CWM LLC increased its position in AG Mortgage Investment Trust by 173.6% during the 3rd quarter. CWM LLC now owns 5,437 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 3,450 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of AG Mortgage Investment Trust by 103.8% during the third quarter. Russell Investments Group Ltd. now owns 7,095 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of AG Mortgage Investment Trust by 23.1% in the 3rd quarter. Alliancebernstein L.P. now owns 20,270 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors own 27.32% of the company’s stock.

About AG Mortgage Investment Trust

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.