AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Average Recommendation of "Moderate Buy" from Analysts

AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.20.

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Jones Trading reissued a "buy" rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. Finally, UBS Group set a $8.00 target price on shares of AG Mortgage Investment Trust and gave the stock a "buy" rating in a report on Wednesday, May 14th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of AG Mortgage Investment Trust by 98.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 2,739 shares during the period. Strs Ohio purchased a new position in AG Mortgage Investment Trust during the 1st quarter worth approximately $39,000. Quarry LP grew its position in AG Mortgage Investment Trust by 158.9% during the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 2,231 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 27.32% of the company's stock.

AG Mortgage Investment Trust Trading Down 2.2%

Shares of NYSE MITT opened at $7.26 on Friday. The stock has a fifty day moving average price of $6.77 and a 200 day moving average price of $6.94. The company has a market cap of $215.45 million, a P/E ratio of 3.18 and a beta of 1.55. AG Mortgage Investment Trust has a 12-month low of $5.63 and a 12-month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. The business had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.67 million. On average, sell-side analysts forecast that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders 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 dividend yield of 11.02%. The ex-dividend date was Monday, March 31st. This is a boost from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's payout ratio is 89.89%.

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.

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