AG Mortgage Investment Trust, Inc. (NYSE:MITT) Given Average Rating of "Moderate Buy" by Analysts

AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.20.

Several equities analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $8.50 target price on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Jones Trading decreased their target price on shares of AG Mortgage Investment Trust from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 17th.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock worth $37,000 after buying an additional 2,739 shares during the last quarter. Quarry LP increased its stake in AG Mortgage Investment Trust by 158.9% during the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 3,914 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of AG Mortgage Investment Trust by 43.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 2,231 shares during the period. LPL Financial LLC bought a new position in shares of AG Mortgage Investment Trust in the 4th quarter worth about $70,000. Finally, D. E. Shaw & Co. Inc. bought a new position in AG Mortgage Investment Trust in the fourth quarter worth about $70,000. 27.32% of the stock is currently owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Trading Down 0.5 %

NYSE:MITT traded down $0.04 during trading hours on Friday, hitting $6.50. 77,122 shares of the stock were exchanged, compared to its average volume of 242,037. AG Mortgage Investment Trust has a 52-week low of $5.57 and a 52-week high of $7.95. The company has a market cap of $192.64 million, a P/E ratio of 2.86 and a beta of 1.46. The firm's fifty day moving average price is $6.98 and its 200 day moving average price is $6.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last released its quarterly 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 firm had revenue of $22.00 million for the quarter, compared to analysts' expectations of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. Equities analysts expect that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.32%. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st. AG Mortgage Investment Trust's dividend payout ratio (DPR) is presently 65.04%.

AG Mortgage Investment Trust Company Profile

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.