Wall Street Zen Downgrades AG Mortgage Investment Trust (NYSE:MITT) to Sell

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other equities research analysts also recently issued research reports about the company. Jones Trading reiterated a "buy" rating and issued a $8.00 price objective on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. UBS Group increased their price target on AG Mortgage Investment Trust from $8.00 to $8.75 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods increased their price target on AG Mortgage Investment Trust from $8.25 to $8.50 and gave the company a "market perform" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AG Mortgage Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of $8.55.

AG Mortgage Investment Trust Trading Up 0.5%

AG Mortgage Investment Trust stock traded up $0.04 during trading hours on Friday, reaching $7.71. 108,991 shares of the stock were exchanged, compared to its average volume of 225,635. The stock has a 50 day moving average of $7.31 and a two-hundred day moving average of $7.03. AG Mortgage Investment Trust has a twelve month low of $5.63 and a twelve month high of $7.95. The company has a market cap of $228.65 million, a P/E ratio of 8.66 and a beta of 1.55.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.67 million. AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. On average, analysts expect that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AG Mortgage Investment Trust

A number of hedge funds have recently added to or reduced their stakes in the company. 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 acquired a new position in shares of AG Mortgage Investment Trust during the first quarter worth approximately $39,000. Quarry LP lifted its holdings in AG Mortgage Investment Trust by 158.9% in the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 3,914 shares during the period. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 2,231 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of AG Mortgage Investment Trust in the 4th quarter valued at about $70,000. Institutional investors and hedge funds 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.