AG Mortgage Investment Trust, Inc. (NYSE:MITT) Earns “Hold” Rating from Credit Suisse Group

AG Mortgage Investment Trust, Inc. (NYSE:MITT)‘s stock had its “hold” rating reaffirmed by investment analysts at Credit Suisse Group in a research note issued to investors on Thursday. They presently have a $18.00 target price on the real estate investment trust’s stock. Credit Suisse Group’s price objective would suggest a potential downside of 6.93% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Wunderlich raised their price objective on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a report on Monday, May 8th. BidaskClub downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of AG Mortgage Investment Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.38.

Shares of AG Mortgage Investment Trust (NYSE MITT) traded up 0.52% during midday trading on Thursday, hitting $19.44. 235,447 shares of the stock were exchanged. AG Mortgage Investment Trust has a 12-month low of $14.61 and a 12-month high of $19.51. The firm has a market cap of $538.95 million, a P/E ratio of 6.00 and a beta of 0.94. The stock’s 50 day moving average is $18.51 and its 200 day moving average is $18.23.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $31.22 million during the quarter, compared to the consensus estimate of $21.76 million. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. On average, equities research analysts forecast that AG Mortgage Investment Trust will post $1.77 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its position in shares of AG Mortgage Investment Trust by 5.3% in the second quarter. Alliancebernstein L.P. now owns 127,688 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 6,450 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of AG Mortgage Investment Trust by 8.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,107 shares of the real estate investment trust’s stock valued at $1,173,000 after buying an additional 4,810 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AG Mortgage Investment Trust by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 294,322 shares of the real estate investment trust’s stock valued at $5,386,000 after buying an additional 8,648 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of AG Mortgage Investment Trust during the second quarter valued at about $590,000. Finally, IndexIQ Advisors LLC increased its position in shares of AG Mortgage Investment Trust by 11.6% in the second quarter. IndexIQ Advisors LLC now owns 33,056 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 3,426 shares in the last quarter. 66.66% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Company Profile

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