JMP Securities Reiterates “Market Outperform” Rating for AG Mortgage Investment Trust (NYSE:MITT)

AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a report released on Thursday,Benzinga reports. They currently have a $8.50 price objective on the real estate investment trust’s stock. JMP Securities’ price objective points to a potential upside of 30.87% from the company’s previous close.

Separately, StockNews.com cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AG Mortgage Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Stock Down 0.7 %

MITT opened at $6.50 on Thursday. The firm’s fifty day simple moving average is $6.77 and its two-hundred day simple moving average is $7.10. AG Mortgage Investment Trust has a 52-week low of $5.44 and a 52-week high of $7.95. The company has a market cap of $191.67 million, a price-to-earnings ratio of 2.85 and a beta of 1.99.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new position in shares of AG Mortgage Investment Trust during the 2nd quarter valued at about $72,000. AlphaCore Capital LLC purchased a new position in AG Mortgage Investment Trust during the third quarter worth about $77,000. Algert Global LLC purchased a new position in AG Mortgage Investment Trust during the second quarter worth about $81,000. Virtus Investment Advisers Inc. acquired a new position in AG Mortgage Investment Trust in the 3rd quarter valued at about $86,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment Trust in the 3rd quarter valued at approximately $93,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

About AG Mortgage Investment Trust

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-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.