AG Mortgage Investment Trust (NYSE:MITT) Price Target Lowered to $8.00 at Jones Trading

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) had its target price decreased by analysts at Jones Trading from $8.50 to $8.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Jones Trading's price objective indicates a potential upside of 27.55% from the company's current price.

Separately, JMP Securities reiterated a "market outperform" rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, AG Mortgage Investment Trust currently has an average rating of "Moderate Buy" and an average target price of $8.20.

AG Mortgage Investment Trust Stock Performance

NYSE MITT traded up $0.17 on Thursday, hitting $6.27. 64,710 shares of the stock traded hands, compared to its average volume of 244,389. The firm has a market capitalization of $186.02 million, a price-to-earnings ratio of 2.75 and a beta of 1.46. The business's fifty day moving average is $7.10 and its two-hundred day moving average is $6.98. AG Mortgage Investment Trust has a 12 month low of $5.50 and a 12 month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The business had revenue of $22.00 million for the quarter, compared to the consensus estimate of $18.44 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. Analysts expect that AG Mortgage Investment Trust will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MITT. PharVision Advisers LLC purchased a new stake in AG Mortgage Investment Trust in the fourth quarter worth about $159,000. Squarepoint Ops LLC purchased a new stake in AG Mortgage Investment Trust during the 4th quarter valued at $186,000. D. E. Shaw & Co. Inc. bought a new position in AG Mortgage Investment Trust in the fourth quarter valued at about $70,000. Cary Street Partners Financial LLC purchased a new position in shares of AG Mortgage Investment Trust in the fourth quarter worth approximately $83,000. Finally, Bank of America Corp DE grew its position in AG Mortgage Investment Trust by 23.9% during the fourth quarter. Bank of America Corp DE now owns 37,206 shares of the real estate investment trust's stock valued at $247,000 after buying an additional 7,179 shares during the period. 27.32% of the stock is owned by hedge funds and other institutional investors.

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.