AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “hold” rating reissued by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday. They presently have a $18.25 price target on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 10.27% from the stock’s current price.
Separately, BidaskClub cut shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. AG Mortgage Investment Trust currently has a consensus rating of “Hold” and an average price target of $18.25.
Shares of AG Mortgage Investment Trust (NYSE:MITT) traded up $0.19 on Thursday, reaching $16.55. 160,449 shares of the company traded hands, compared to its average volume of 164,241. AG Mortgage Investment Trust has a 12 month low of $16.31 and a 12 month high of $19.95. The company has a market capitalization of $466.59, a PE ratio of 4.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in AG Mortgage Investment Trust during the third quarter worth $117,000. Cubist Systematic Strategies LLC purchased a new position in AG Mortgage Investment Trust during the second quarter worth $197,000. Mackenzie Financial Corp purchased a new position in AG Mortgage Investment Trust during the third quarter worth $252,000. Old Mutual Global Investors UK Ltd. purchased a new position in AG Mortgage Investment Trust during the third quarter worth $253,000. Finally, Voya Investment Management LLC boosted its stake in AG Mortgage Investment Trust by 16.9% during the second quarter. Voya Investment Management LLC now owns 13,822 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 1,996 shares during the period. 64.03% of the stock is owned by institutional investors.
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AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.
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