AG Mortgage Investment Trust (NYSE:MITT) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts also recently issued reports about the company. JonesTrading cut their price objective on AG Mortgage Investment Trust from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. Piper Sandler decreased their target price on AG Mortgage Investment Trust from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, October 9th. Citizens Jmp decreased their target price on AG Mortgage Investment Trust from $9.25 to $8.50 and set a "market outperform" rating for the company in a report on Thursday, October 15th. Weiss Ratings downgraded shares of AG Mortgage Investment Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Finally, Citigroup reissued a "market outperform" rating on shares of AG Mortgage Investment Trust in a research report on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.38.

AG Mortgage Investment Trust Stock Up 1.8%

MITT stock opened at $4.25 on Friday. The company has a market cap of $135.31 million, a price-to-earnings ratio of -19.34 and a beta of 1.78. The business has a fifty day simple moving average of $5.68 and a 200-day simple moving average of $7.17. AG Mortgage Investment Trust has a 52 week low of $4.05 and a 52 week high of $9.27.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). AG Mortgage Investment Trust had a net margin of 2.64% and a return on equity of 15.85%. The firm had revenue of $3.03 million during the quarter, compared to analyst estimates of $16.30 million. As a group, analysts expect that AG Mortgage Investment Trust will post 0.94 earnings per share for the current fiscal year.

Institutional Trading of AG Mortgage Investment Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at $48,000. Sigma Planning Corp purchased a new position in AG Mortgage Investment Trust in the first quarter valued at about $82,000. Ullmann Wealth Partners Group LLC acquired a new position in shares of AG Mortgage Investment Trust during the third quarter worth about $95,000. NewEdge Advisors LLC acquired a new position in shares of AG Mortgage Investment Trust during the first quarter worth about $149,000. Finally, Ieq Capital LLC lifted its stake in shares of AG Mortgage Investment Trust by 13.4% during the third quarter. Ieq Capital LLC now owns 28,875 shares of the real estate investment trust's stock worth $165,000 after purchasing an additional 3,409 shares in the last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. NYSE: MITT is a mortgage real estate investment trust focused primarily on U.S. residential mortgage assets. The company invests in mortgage loans and mortgage-related securities, seeking to generate income from the underlying loans and related financing activities. Its investments may include residential whole loans, mortgage-backed securities and mortgage servicing rights. These assets expose the company to factors such as borrower credit performance, interest rates and conditions in the U.S. housing market.

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