AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.30.
MITT has been the subject of several analyst reports. Jones Trading boosted their price target on shares of AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Monday. JMP Securities restated a "market outperform" rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd.
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Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in shares of AG Mortgage Investment Trust by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust's stock valued at $1,272,000 after purchasing an additional 3,546 shares during the period. Wolverine Asset Management LLC lifted its position in shares of AG Mortgage Investment Trust by 189.6% in the third quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust's stock worth $1,397,000 after purchasing an additional 121,771 shares in the last quarter. Curi RMB Capital LLC bought a new stake in shares of AG Mortgage Investment Trust in the third quarter worth $105,000. Connor Clark & Lunn Investment Management Ltd. grew its position in AG Mortgage Investment Trust by 53.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,891 shares of the real estate investment trust's stock valued at $1,223,000 after purchasing an additional 57,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AG Mortgage Investment Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust's stock valued at $642,000 after buying an additional 4,036 shares during the last quarter. 27.32% of the stock is owned by institutional investors.
NYSE MITT traded down $0.04 on Friday, hitting $7.43. 18,140 shares of the company were exchanged, compared to its average volume of 225,029. AG Mortgage Investment Trust has a 1-year low of $5.44 and a 1-year high of $7.95. The firm has a 50 day moving average of $6.89 and a two-hundred day moving average of $7.10. The company has a market cap of $219.11 million, a P/E ratio of 3.26 and a beta of 2.00.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The firm had revenue of $22.00 million during the quarter, compared to the consensus estimate of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. Research analysts anticipate that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust's dividend payout ratio is currently 33.33%.
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.
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