AG Mortgage Investment Trust, Inc. (NYSE:MITT) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other equities research analysts also recently weighed in on MITT. Wunderlich raised their price target 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. Credit Suisse Group reaffirmed a “hold” rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research note on Monday, May 15th. Keefe, Bruyette & Woods set a $18.00 price target on AG Mortgage Investment Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. ValuEngine raised AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.38.

AG Mortgage Investment Trust (MITT) opened at 19.09 on Thursday. The stock has a 50 day moving average of $18.74 and a 200 day moving average of $18.38. The stock has a market cap of $531.24 million, a price-to-earnings ratio of 5.89 and a beta of 0.94. AG Mortgage Investment Trust has a 1-year low of $14.61 and a 1-year high of $19.57.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. AG Mortgage Investment Trust had a return on equity of 11.97% and a net margin of 85.21%. The company had revenue of $31.22 million during the quarter, compared to the consensus estimate of $21.76 million. During the same period last year, the business earned $0.43 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts expect that AG Mortgage Investment Trust will post $1.82 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Lowers AG Mortgage Investment Trust, Inc. (MITT) to Hold” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/bidaskclub-lowers-ag-mortgage-investment-trust-inc-mitt-to-hold/1532646.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP bought a new position in shares of AG Mortgage Investment Trust during the first quarter worth $262,000. Virginia Retirement Systems ET AL bought a new position in shares of AG Mortgage Investment Trust during the first quarter worth $421,000. Parametric Portfolio Associates LLC increased its position in shares of AG Mortgage Investment Trust by 0.5% in the first quarter. Parametric Portfolio Associates LLC now owns 140,763 shares of the real estate investment trust’s stock worth $2,541,000 after buying an additional 688 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of AG Mortgage Investment Trust during the first quarter worth $751,000. Finally, Karp Capital Management Corp bought a new position in shares of AG Mortgage Investment Trust during the first quarter worth $841,000. 64.72% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust Company Profile

Receive News & Ratings for AG Mortgage Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.