Analysts Set AG Mortgage Investment Trust, Inc. (NYSE:MITT) Price Target at $8.30

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.30.

Several equities analysts recently commented on the stock. JMP Securities reiterated a "market outperform" rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. Jones Trading upped their price objective on shares of AG Mortgage Investment Trust from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Monday, March 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MITT. Russell Investments Group Ltd. grew its stake in AG Mortgage Investment Trust by 98.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock worth $37,000 after buying an additional 2,739 shares during the last quarter. Quarry LP increased its holdings in AG Mortgage Investment Trust by 158.9% during the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC raised its position in AG Mortgage Investment Trust by 43.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 2,231 shares during the last quarter. LPL Financial LLC acquired a new position in AG Mortgage Investment Trust in the fourth quarter worth $70,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at $70,000. 27.32% of the stock is owned by institutional investors.

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AG Mortgage Investment Trust Trading Down 2.0 %

MITT traded down $0.15 during trading on Tuesday, hitting $7.05. The stock had a trading volume of 195,514 shares, compared to its average volume of 229,167. AG Mortgage Investment Trust has a 12 month low of $5.44 and a 12 month high of $7.95. The company has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $7.13. The firm has a market cap of $208.95 million, a PE ratio of 3.09 and a beta of 2.05.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 net margin of 20.19% and a return on equity of 9.70%. As a group, sell-side analysts anticipate that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 11.36%. AG Mortgage Investment Trust's payout ratio is currently 65.04%.

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.