AG Mortgage Investment Trust, Inc. (NYSE:MITT – Receive Rating) has received a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.25.
Several equities research analysts have weighed in on MITT shares. StockNews.com downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. TheStreet downgraded AG Mortgage Investment Trust from a “c-” rating to a “d” rating in a research note on Friday, May 27th.
Several institutional investors have recently made changes to their positions in the company. Angelo Gordon & CO. LP boosted its holdings in AG Mortgage Investment Trust by 217.4% during the 4th quarter. Angelo Gordon & CO. LP now owns 973,291 shares of the real estate investment trust’s stock valued at $9,976,000 after purchasing an additional 666,668 shares in the last quarter. Beach Point Capital Management LP boosted its position in AG Mortgage Investment Trust by 80.2% in the 4th quarter. Beach Point Capital Management LP now owns 1,387,609 shares of the real estate investment trust’s stock valued at $14,223,000 after purchasing an additional 617,387 shares during the last quarter. HBK Investments LP bought a new position in shares of AG Mortgage Investment Trust during the 4th quarter worth about $6,150,000. Renaissance Technologies LLC boosted its stake in shares of AG Mortgage Investment Trust by 143.6% during the fourth quarter. Renaissance Technologies LLC now owns 353,700 shares of the real estate investment trust’s stock valued at $3,625,000 after purchasing an additional 208,500 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of AG Mortgage Investment Trust by 9.0% in the first quarter. BlackRock Inc. now owns 873,721 shares of the real estate investment trust’s stock valued at $8,126,000 after purchasing an additional 72,462 shares in the last quarter. Hedge funds and other institutional investors own 47.99% of the company’s shares.
NYSE MITT opened at $7.04 on Friday. The firm’s 50-day simple moving average is $7.53, and its 200-day simple moving average is $8.68. AG Mortgage Investment Trust has a 1-year low of $6.15 and a 1-year high of $13.49. The firm has a market cap of $168.42 million, a price-to-earnings ratio of 3.26 and a beta of 1.47.
AG Mortgage Investment Trust (NYSE:MITT – Get Rating ) last posted its earnings results on Friday, May 6. The real estate investment trust reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.96). AG Mortgage Investment Trust had a return on equity of 11.30% and a net margin of 52.03%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annual dividend and a yield of 11.93%. The ex-dividend date of this dividend is Wednesday, June 29th. AG Mortgage Investment Trust’s dividend payout ratio is 38.89%.
About AG Mortgage Investment Trust (Get Rating)
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-qualified mortgage loans, government-backed, owner-occupied loans, re/non-performing loans, land-related financing and agency residential mortgage-backed securities; and commercial investment.
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