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

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

MITT has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a report on Thursday, August 10th. BidaskClub downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.

Shares of AG Mortgage Investment Trust (NYSE MITT) traded down $0.07 during trading on Monday, reaching $19.35. 53,600 shares of the company traded hands, compared to its average volume of 160,038. The company has a market cap of $545.53, a P/E ratio of 9.87 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 one year low of $16.50 and a one year high of $19.72.

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 consensus estimate of $0.47 by $0.04. The company 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%. AG Mortgage Investment Trust’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 9.82%. The ex-dividend date of this dividend was Thursday, September 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 66.43%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in shares of AG Mortgage Investment Trust during the 2nd quarter valued at about $197,000. First Quadrant L P CA purchased a new stake in shares of AG Mortgage Investment Trust during the 3rd quarter valued at about $391,000. Vanguard Group Inc. raised its position in shares of AG Mortgage Investment Trust by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 2,292,023 shares of the real estate investment trust’s stock valued at $41,370,000 after buying an additional 67,474 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of AG Mortgage Investment Trust by 5.3% during the 2nd quarter. Alliancebernstein L.P. now owns 127,688 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 6,450 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of AG Mortgage Investment Trust during the 2nd quarter valued at about $590,000. 63.68% of the stock is owned by institutional investors and hedge funds.

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AG Mortgage Investment Trust Company Profile

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