AG Mortgage Investment Trust (NYSE:MITT) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) had its price target increased by investment analysts at Keefe, Bruyette & Woods from $8.25 to $8.50 in a research report issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 11.83% from the stock's current price.

Other equities analysts have also issued reports about the stock. UBS Group set a $8.00 price target on shares of AG Mortgage Investment Trust and gave the stock a "buy" rating in a research report on Wednesday, May 14th. 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. Finally, Jones Trading reaffirmed a "buy" rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $8.55.

AG Mortgage Investment Trust Stock Performance

MITT stock traded down $0.08 during trading on Thursday, reaching $7.60. The company had a trading volume of 146,403 shares, compared to its average volume of 226,532. The firm has a 50-day simple moving average of $7.31 and a 200-day simple moving average of $7.03. The company has a market cap of $225.60 million, a price-to-earnings ratio of 8.54 and a beta of 1.55. AG Mortgage Investment Trust has a twelve month low of $5.63 and a twelve month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a return on equity of 11.86% and a net margin of 10.98%. The business had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.67 million. Sell-side analysts expect that AG Mortgage Investment Trust will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ieq Capital LLC acquired a new stake in AG Mortgage Investment Trust during the 1st quarter worth $927,000. Acadian Asset Management LLC boosted its position in shares of AG Mortgage Investment Trust by 65.7% during the 1st quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust's stock valued at $2,089,000 after acquiring an additional 113,564 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $751,000. Prudential Financial Inc. boosted its position in shares of AG Mortgage Investment Trust by 509.1% during the 4th quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust's stock valued at $605,000 after acquiring an additional 76,100 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of AG Mortgage Investment Trust during the 1st quarter valued at about $553,000. Hedge funds and other institutional investors own 27.32% of the company's stock.

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.