AG Mortgage Investment Trust (NYSE:MITT) Price Target Raised to $8.50

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

Other equities analysts have also recently issued reports about the stock. Wall Street Zen raised shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Jones Trading reissued a "buy" rating and set a $8.00 price target on shares of AG Mortgage Investment Trust in a research report on Tuesday, May 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.55.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE MITT traded down $0.08 during mid-day trading on Thursday, hitting $7.60. 146,403 shares of the stock were exchanged, compared to its average volume of 226,532. The company has a market cap of $225.60 million, a P/E ratio of 8.54 and a beta of 1.55. The stock's fifty day simple moving average is $7.31 and its two-hundred day simple moving average is $7.03. 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 issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.67 million. As a group, equities research analysts predict that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of AG Mortgage Investment Trust

A number of institutional investors have recently bought and sold shares of MITT. Ieq Capital LLC bought a new stake in shares of AG Mortgage Investment Trust during the 1st quarter worth approximately $927,000. Acadian Asset Management LLC increased its position in shares of AG Mortgage Investment Trust by 65.7% during the first quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust's stock worth $2,089,000 after buying an additional 113,564 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of AG Mortgage Investment Trust during the fourth quarter worth $751,000. Prudential Financial Inc. increased its position in shares of AG Mortgage Investment Trust by 509.1% during the fourth quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust's stock worth $605,000 after buying an additional 76,100 shares during the period. Finally, Bailard Inc. acquired a new stake in shares of AG Mortgage Investment Trust during the first quarter worth $553,000. Institutional investors own 27.32% of the company's stock.

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.