AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) had its price objective increased by UBS Group from $8.00 to $8.75 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. UBS Group's price target suggests a potential upside of 15.12% from the stock's current price.
MITT has been the subject of several other reports. Wall Street Zen upgraded AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods increased 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 note on Thursday. Finally, Jones Trading reiterated a "buy" rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $8.55.
Read Our Latest Research Report on MITT
AG Mortgage Investment Trust Price Performance
Shares of NYSE MITT traded down $0.08 during trading hours on Thursday, reaching $7.60. The stock had a trading volume of 146,403 shares, compared to its average volume of 226,532. The business's fifty day moving average is $7.31 and its two-hundred day moving average is $7.03. The company has a market cap of $225.60 million, a price-to-earnings ratio of 8.54 and a beta of 1.55. AG Mortgage Investment Trust has a twelve month low of $5.63 and a twelve month high of $7.95.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. The firm had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.67 million. Sell-side analysts forecast that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.
Institutional Trading of AG Mortgage Investment Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in MITT. Ieq Capital LLC bought a new position in AG Mortgage Investment Trust in the first quarter valued at about $927,000. Acadian Asset Management LLC boosted its holdings in AG Mortgage Investment Trust by 65.7% in the first quarter. Acadian Asset Management LLC now owns 286,304 shares of the real estate investment trust's stock valued at $2,089,000 after acquiring an additional 113,564 shares during the last quarter. Raymond James Financial Inc. bought a new position in AG Mortgage Investment Trust in the fourth quarter valued at about $751,000. Prudential Financial Inc. boosted its holdings in AG Mortgage Investment Trust by 509.1% in the fourth 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 during the last quarter. Finally, Bailard Inc. bought a new position in AG Mortgage Investment Trust in the first quarter valued at about $553,000. 27.32% of the stock is currently owned by institutional investors and hedge funds.
About AG Mortgage Investment Trust
(
Get Free Report)
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.
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