AG Mortgage Investment Trust, Inc. (NYSE:MITT) Receives Consensus Rating of “Hold” from Analysts

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITTGet Rating) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.25.

Separately, StockNews.com lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.

Several institutional investors and hedge funds have recently bought and sold shares of MITT. Beach Point Capital Management LP raised its position in AG Mortgage Investment Trust by 25.1% during the first quarter. Beach Point Capital Management LP now owns 1,736,558 shares of the real estate investment trust’s stock worth $16,150,000 after acquiring an additional 348,949 shares during the period. Angelo Gordon & CO. L.P. raised its position in shares of AG Mortgage Investment Trust by 217.4% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 973,291 shares of the real estate investment trust’s stock valued at $9,976,000 after buying an additional 666,668 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AG Mortgage Investment Trust by 0.5% in the first quarter. Vanguard Group Inc. now owns 907,606 shares of the real estate investment trust’s stock valued at $8,441,000 after buying an additional 4,907 shares during the last quarter. BlackRock Inc. grew its holdings in shares of AG Mortgage Investment Trust by 9.0% in the first quarter. BlackRock Inc. now owns 873,721 shares of the real estate investment trust’s stock valued at $8,126,000 after purchasing an additional 72,462 shares during the period. Finally, HBK Investments L P purchased a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at about $6,150,000. Hedge funds and other institutional investors own 47.99% of the company’s stock.

Shares of MITT opened at $7.74 on Friday. AG Mortgage Investment Trust has a 1-year low of $7.09 and a 1-year high of $14.85. The company has a 50-day moving average of $8.20 and a 200 day moving average of $9.60. The firm has a market capitalization of $185.17 million, a price-to-earnings ratio of 3.58 and a beta of 1.48.

AG Mortgage Investment Trust (NYSE:MITTGet Rating) last announced its quarterly earnings data on Friday, May 6th. The real estate investment trust reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.96). AG Mortgage Investment Trust had a net margin of 52.03% and a return on equity of 10.93%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, March 31st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 10.85%. The ex-dividend date of this dividend was Wednesday, March 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 38.89%.

About AG Mortgage Investment Trust (Get Rating)

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments.

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