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

Key Points

• Analysts give AG Mortgage Investment Trust an average rating of "Moderate Buy" based on eight brokerages (five buy, three hold) with a consensus 12‑month target price of about $9.17.
• The company raised its quarterly dividend to $0.24 (annualized $0.96), implying a 12.1% yield, though the dividend payout ratio is very high at 240%.
• AGM posted quarterly EPS of $0.26, slightly beating estimates, but reported revenue of $6.47M well below the $21.97M consensus, while shares trade around $7.91 with a one‑year range of $6.33–$9.27.

AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned 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 $9.1667.

Several brokerages recently commented on MITT. Weiss Ratings reiterated a "hold (c)" rating on shares of AG Mortgage Investment Trust in a research note on Friday, April 17th. Citizens Jmp upped their target price on shares of AG Mortgage Investment Trust from $8.50 to $9.25 and gave the stock a "market outperform" rating in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their target price on shares of AG Mortgage Investment Trust from $9.00 to $8.50 and set a "market perform" rating for the company in a report on Friday, May 1st. Citigroup reiterated an "outperform" rating on shares of AG Mortgage Investment Trust in a research report on Thursday, January 22nd. Finally, JonesTrading upped their price target on AG Mortgage Investment Trust from $8.50 to $9.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Angelo Gordon & CO. L.P. raised its stake in shares of AG Mortgage Investment Trust by 703.3% during the 3rd quarter. Angelo Gordon & CO. L.P. now owns 2,315,966 shares of the real estate investment trust's stock worth $16,768,000 after buying an additional 2,027,676 shares during the last quarter. Strs Ohio acquired a new stake in AG Mortgage Investment Trust in the 1st quarter valued at about $39,000. BNP Paribas Financial Markets increased its holdings in AG Mortgage Investment Trust by 103.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,413 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 2,756 shares in the last quarter. Sigma Planning Corp purchased a new position in AG Mortgage Investment Trust during the 1st quarter valued at about $82,000. Finally, Janney Montgomery Scott LLC raised its position in AG Mortgage Investment Trust by 4.0% during the first quarter. Janney Montgomery Scott LLC now owns 201,153 shares of the real estate investment trust's stock worth $1,470,000 after acquiring an additional 7,770 shares during the last quarter. Hedge funds and other institutional investors own 27.32% of the company's stock.

AG Mortgage Investment Trust Trading Up 1.5%

Shares of MITT stock opened at $7.91 on Wednesday. The business's fifty day moving average price is $7.78 and its 200 day moving average price is $8.09. The firm has a market capitalization of $250.90 million, a PE ratio of 19.76 and a beta of 1.66. The company has a debt-to-equity ratio of 23.76, a current ratio of 10.33 and a quick ratio of 10.33. AG Mortgage Investment Trust has a 1-year low of $6.33 and a 1-year high of $9.27.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. AG Mortgage Investment Trust had a return on equity of 15.02% and a net margin of 6.71%.The company had revenue of $6.47 million during the quarter, compared to the consensus estimate of $21.97 million. As a group, sell-side analysts forecast that AG Mortgage Investment Trust will post 1.09 EPS for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, March 31st. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 12.1%. AG Mortgage Investment Trust's dividend payout ratio (DPR) is presently 240.00%.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc is a publicly traded, closed-end management investment company that primarily focuses on investing in U.S. residential mortgage assets. The firm seeks to generate current income for its shareholders by acquiring a diversified portfolio of mortgage loans and mortgage-backed securities. As an externally managed mortgage real estate investment trust (REIT), AG Mortgage Investment Trust aims to deliver attractive risk-adjusted returns through active portfolio management and interest rate hedging strategies.

The company’s investment portfolio is concentrated in adjustable-rate residential mortgage loans, including so-called “jumbo” prime ARMs, as well as Agency and non-Agency residential mortgage-backed securities (RMBS).

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