AG Mortgage Investment Trust, Inc. (NYSE:MITT) Given Consensus Rating of “Moderate Buy” by Analysts

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.1667.

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on AG Mortgage Investment Trust from $9.00 to $8.50 and set a “market perform” rating for the company in a research note on Friday, May 1st. JonesTrading upped their price objective on AG Mortgage Investment Trust from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Credit Suisse Group set a $9.25 price objective on AG Mortgage Investment Trust in a research note on Thursday, January 22nd. Citizens Jmp upped their price objective on AG Mortgage Investment Trust from $8.50 to $9.25 and gave the stock a “market outperform” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research note on Friday, April 17th.

AG Mortgage Investment Trust Stock Performance

Shares of MITT opened at $7.79 on Wednesday. The company has a quick ratio of 10.33, a current ratio of 10.33 and a debt-to-equity ratio of 23.76. The business has a 50-day simple moving average of $7.76 and a two-hundred day simple moving average of $8.12. The stock has a market cap of $247.59 million, a price-to-earnings ratio of 19.46 and a beta of 1.66. AG Mortgage Investment Trust has a 52 week low of $6.81 and a 52 week high of $9.27.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $6.47 million during the quarter, compared to analysts’ expectations of $21.97 million. AG Mortgage Investment Trust had a return on equity of 15.02% and a net margin of 6.71%. On average, analysts expect that AG Mortgage Investment Trust will post 1.09 EPS for the current year.

AG Mortgage Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 12.3%. AG Mortgage Investment Trust’s dividend payout ratio is currently 240.00%.

Institutional Trading of AG Mortgage Investment Trust

Large investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in shares of AG Mortgage Investment Trust in the 4th quarter worth about $40,000. Strs Ohio bought a new stake in shares of AG Mortgage Investment Trust during the 1st quarter worth approximately $39,000. BNP Paribas Financial Markets lifted its stake 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 worth $39,000 after acquiring an additional 2,756 shares during the last quarter. CWM LLC lifted its stake in shares of 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 worth $39,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in AG Mortgage Investment Trust by 103.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,095 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,614 shares in the last quarter. 27.32% of the stock is currently owned by institutional investors.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).