AG Mortgage Investment Trust (NYSE:MITT) Downgraded by Wall Street Zen to "Sell"

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

Other analysts also recently issued reports about the company. UBS Group raised their price objective on AG Mortgage Investment Trust from $8.00 to $8.75 and gave the stock a "buy" rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price objective on AG Mortgage Investment Trust from $8.25 to $8.50 and gave the stock a "market perform" rating in a research report on Thursday. Finally, Jones Trading reissued a "buy" rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research report on Tuesday, May 6th. One investment 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, AG Mortgage Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of $8.55.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE MITT traded down $0.08 during trading on Friday, hitting $7.60. 146,403 shares of the company were exchanged, compared to its average volume of 226,741. AG Mortgage Investment Trust has a 12-month low of $5.63 and a 12-month high of $7.95. The company has a fifty day moving average price of $7.31 and a 200-day moving average price of $7.03. The firm has a market capitalization of $225.60 million, a PE ratio of 8.54 and a beta of 1.55.

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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.67 million. Research analysts anticipate that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AG Mortgage Investment Trust

Several institutional investors have recently bought and sold shares of MITT. Raymond James Financial Inc. acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at about $751,000. Intech Investment Management LLC acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at about $88,000. LPL Financial LLC acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at about $70,000. Prudential Financial Inc. grew its position in AG Mortgage Investment Trust by 509.1% in 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 in the last quarter. Finally, Wells Fargo & Company MN grew its position in AG Mortgage Investment Trust by 28.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,084 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 3,827 shares in the last quarter. 27.32% of the stock is owned by institutional investors and hedge funds.

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.