AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives $8.30 Consensus PT from Brokerages

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.30.

Several research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $8.50 price objective on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Jones Trading lifted their price objective on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd.

AG Mortgage Investment Trust Trading Up 0.6 %

Shares of MITT opened at $7.51 on Friday. The company has a market capitalization of $222.59 million, a PE ratio of 3.29 and a beta of 2.05. AG Mortgage Investment Trust has a 12 month low of $5.44 and a 12 month high of $7.95. The stock’s 50-day moving average price is $6.91 and its two-hundred day moving average price is $7.11.

AG Mortgage Investment Trust (NYSE:MITT) last announced its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $22.00 million for the quarter, compared to analyst estimates of $18.44 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. Equities research analysts predict that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date was Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is 61.79%.

Institutional Trading of AG Mortgage Investment Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in AG Mortgage Investment Trust by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock valued at $4,980,000 after buying an additional 36,081 shares in the last quarter. State Street Corp increased its holdings in AG Mortgage Investment Trust by 2.2% during the 3rd quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after purchasing an additional 7,587 shares in the last quarter. Northern Trust Corp increased its holdings in AG Mortgage Investment Trust by 10.2% during the 4th quarter. Northern Trust Corp now owns 278,109 shares of the real estate investment trust’s stock worth $1,849,000 after purchasing an additional 25,736 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in AG Mortgage Investment Trust by 5.0% during the 4th quarter. Wolverine Asset Management LLC now owns 195,367 shares of the real estate investment trust’s stock worth $1,299,000 after purchasing an additional 9,370 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in AG Mortgage Investment Trust by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 3,546 shares in the last quarter. 27.32% of the stock is owned by 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.