AG Mortgage Investment Trust (NYSE: MITT – Get a rating) was downgraded by equity researchers Keefe, Bruyette & Woods from an “outperforming” rating to a “market performing” rating in a note released to investors on Monday, Marketbeat.com reports. They currently have a target price of $8.50 on shares of the real estate investment trust. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 15.65% from the company’s previous close.
MITT has been the subject of several other reports. StockNews.com downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a Wednesday, May 11 report. TheStreet upgraded the shares of AG Mortgage Investment Trust from a “c-” rating to a “d” rating in a Friday, May 27 research report. One equity research analyst rated the stock with a sell rating, two gave the company a hold rating and two gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.38.
AG Mortgage Investment Trust Stock Performance
MITT shares opened at $7.35 on Monday. The company’s 50-day moving average price is $7.48 and its 200-day moving average price is $8.54. AG Mortgage Investment Trust has a 52-week low of $6.15 and a 52-week high of $13.49. The company has a market capitalization of $175.84 million, a PE ratio of 3.40 and a beta of 1.47.
AG Mortgage Investment Trust (NYSE: MITT – Get a rating) last released its results on Friday, May 6. The real estate investment trust reported ($0.74) earnings per share for the quarter, missing the consensus estimate of $0.22 per ($0.96). AG Mortgage Investment Trust posted a return on equity of 11.30% and a net margin of 52.03%.
AG Mortgage Investment Trust Institutional Trading
Several institutional investors and hedge funds have recently changed their holdings in MITT. National Bank of Canada FI bought a new stake in the shares of AG Mortgage Investment Trust in the 4th quarter for a value of approximately $31,000. Beach Point Capital Management LP increased its position in AG Mortgage Investment Trust by 80.2% during the fourth quarter. Beach Point Capital Management LP now owns 1,387,609 shares of the real estate investment trust worth $14,223,000 after acquiring an additional 617,387 shares in the last quarter. PVG Asset Management Corp acquired a new stake in AG Mortgage Investment Trust during the fourth quarter at a value of $541,000. Advisor Group Holdings Inc. increased its stake in AG Mortgage Investment Trust by 48.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 19,983 shares of the real estate investment trust worth $204,000 after purchasing an additional 6,556 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in AG Mortgage Investment Trust during the fourth quarter, valued at approximately $206,000. Hedge funds and other institutional investors hold 47.99% of the company’s shares.
AG Mortgage Investment Trust Company Profile
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-qualifying mortgages, non-occupied loans by government-sponsored entities, re/non-performing loans, land-related financing and residential mortgage-backed securities. agency; and business investments.
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