AG Mortgage Investment Trust (NYSE:MITT) Price Target Raised to $8.75

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) had its price objective upped by research analysts at UBS Group from $8.00 to $8.75 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price would indicate a potential upside of 15.12% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their target price on shares of AG Mortgage Investment Trust from $8.25 to $8.50 and gave the stock a "market perform" rating in a research note on Thursday. Jones Trading reiterated a "buy" rating and issued a $8.00 price target on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. Finally, Wall Street Zen upgraded AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.55.

AG Mortgage Investment Trust Stock Performance

MITT stock traded down $0.08 during mid-day trading on Thursday, reaching $7.60. 146,403 shares of the stock traded hands, compared to its average volume of 226,741. AG Mortgage Investment Trust has a one year low of $5.63 and a one year high of $7.95. The stock has a market capitalization of $225.60 million, a PE ratio of 8.54 and a beta of 1.55. The business has a 50-day moving average price of $7.31 and a two-hundred day moving average price of $7.03.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued 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). The firm had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.67 million. AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. On average, equities analysts expect 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

A number of large investors have recently bought and sold shares of MITT. Prudential Financial Inc. raised its stake 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 buying an additional 76,100 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of AG Mortgage Investment Trust in the 4th quarter valued at approximately $751,000. Northern Trust Corp raised its position in shares of AG Mortgage Investment Trust by 10.2% in the 4th quarter. Northern Trust Corp now owns 278,109 shares of the real estate investment trust's stock valued at $1,849,000 after purchasing an additional 25,736 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in AG Mortgage Investment Trust in the 4th quarter worth approximately $70,000. Finally, Price T Rowe Associates Inc. MD grew its position in AG Mortgage Investment Trust by 4.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,790 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors own 27.32% of the company's stock.

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.