BidaskClub lowered shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) from a strong-buy rating to a buy rating in a research report released on Friday morning.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded AG Mortgage Investment Trust from a sell rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine upgraded AG Mortgage Investment Trust from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Credit Suisse Group restated a hold rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research note on Monday, May 15th. Keefe, Bruyette & Woods set a $18.00 price objective on AG Mortgage Investment Trust and gave the stock a hold rating in a research note on Wednesday, May 10th. Finally, Wunderlich boosted their price objective on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a hold rating in a research note on Monday, May 8th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. AG Mortgage Investment Trust presently has a consensus rating of Hold and an average price target of $18.38.

AG Mortgage Investment Trust (MITT) traded up 0.49% on Friday, hitting $18.50. The stock had a trading volume of 35,685 shares. The firm has a market cap of $512.54 million, a PE ratio of 6.61 and a beta of 0.94. The company’s 50 day moving average is $18.56 and its 200 day moving average is $18.17. AG Mortgage Investment Trust has a 12-month low of $13.88 and a 12-month high of $19.38.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $19.80 million for the quarter. AG Mortgage Investment Trust had a return on equity of 12.66% and a net margin of 75.87%. On average, equities research analysts expect that AG Mortgage Investment Trust will post $1.72 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, June 19th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Thursday, June 15th. AG Mortgage Investment Trust’s payout ratio is 68.10%.

Several hedge funds have recently made changes to their positions in MITT. Sei Investments Co. raised its stake in shares of AG Mortgage Investment Trust by 10.0% in the second quarter. Sei Investments Co. now owns 62,378 shares of the real estate investment trust’s stock worth $1,142,000 after buying an additional 5,684 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of AG Mortgage Investment Trust by 17.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 35,900 shares of the real estate investment trust’s stock worth $657,000 after buying an additional 5,440 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of AG Mortgage Investment Trust by 348.3% in the second quarter. Acadian Asset Management LLC now owns 50,466 shares of the real estate investment trust’s stock worth $923,000 after buying an additional 39,210 shares during the last quarter. Aperio Group LLC raised its stake in shares of AG Mortgage Investment Trust by 2.3% in the second quarter. Aperio Group LLC now owns 47,642 shares of the real estate investment trust’s stock worth $872,000 after buying an additional 1,070 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of AG Mortgage Investment Trust during the second quarter worth about $259,000. 66.63% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust Company Profile

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