AG Mortgage Investment Trust, Inc. (NYSE:MITT) at a consensus rating of “Hold” from analysts

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.

(Ad)

What is the highest yielding stock you have ever owned? Dividends on these stocks have risen so quickly over the years that they now give us an average of 26%!

When you start getting 26% of your money, your financial problems tend to almost evaporate.

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.

Read more

This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in AG Mortgage Investment Trust right now?

Before you consider AG Mortgage Investment Trust, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and AG Mortgage Investment Trust wasn’t on the list.

While AG Mortgage Investment Trust currently has a “Moderate Buy” rating among analysts, the top-rated analysts consider these five stocks to be better buys.

See the 5 stocks here

Leave a Comment

Your email address will not be published.