AG Mortgage Investment Trust's (MITT) "Market Outperform" Rating Reaffirmed at JMP Securities

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report)'s stock had its "market outperform" rating restated by analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports. They presently have a $7.00 price objective on the real estate investment trust's stock. JMP Securities' target price indicates a potential upside of 27.27% from the company's current price.

Separately, Keefe, Bruyette & Woods boosted their target price on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the stock a "market perform" rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, AG Mortgage Investment Trust has a consensus rating of "Moderate Buy" and an average price target of $7.25.

AG Mortgage Investment Trust Stock Performance

NYSE:MITT traded up $0.04 during mid-day trading on Thursday, reaching $5.50. The stock had a trading volume of 100,614 shares, compared to its average volume of 205,328. The firm has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $5.79. The stock has a market capitalization of $161.98 million, a P/E ratio of 3.50 and a beta of 1.98. AG Mortgage Investment Trust has a one year low of $4.82 and a one year high of $6.89.

Insiders Place Their Bets

In related news, CEO Thomas Durkin purchased 50,000 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $6.12 per share, with a total value of $306,000.00. Following the purchase, the chief executive officer now directly owns 372,832 shares of the company's stock, valued at $2,281,731.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On AG Mortgage Investment Trust

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of AG Mortgage Investment Trust by 50.8% during the fourth quarter. Vanguard Group Inc. now owns 1,534,629 shares of the real estate investment trust's stock valued at $9,745,000 after buying an additional 516,726 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of AG Mortgage Investment Trust by 23.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 73,805 shares of the real estate investment trust's stock valued at $469,000 after purchasing an additional 14,181 shares in the last quarter. Napa Wealth Management bought a new stake in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $96,000. Barclays PLC boosted its position in shares of AG Mortgage Investment Trust by 44.6% during the fourth quarter. Barclays PLC now owns 22,507 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 6,940 shares in the last quarter. Finally, Northern Right Capital Management L.P. bought a new stake in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $3,715,000. 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.