AG Mortgage Investment Trust (NYSE:MITT) Price Target Lowered to $8.00 at Credit Suisse Group

AG Mortgage Investment Trust (NYSE:MITTGet Rating) had its price target decreased by equities research analysts at Credit Suisse Group to $8.00 in a report released on Friday, Stock Target Advisor reports. Credit Suisse Group’s price objective suggests a potential upside of 6.38% from the stock’s current price.

A number of other research firms have also weighed in on MITT. TheStreet lowered AG Mortgage Investment Trust from a “c-” rating to a “d” rating in a research report on Friday, May 27th. Keefe, Bruyette & Woods lowered AG Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and set a $8.50 target price for the company. in a report on Monday, July 18th. Finally, StockNews.com lowered AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.38.

AG Mortgage Investment Trust Stock Down 0.5 %

MITT stock opened at $7.52 on Friday. AG Mortgage Investment Trust has a twelve month low of $6.15 and a twelve month high of $13.49. The firm has a market cap of $179.88 million, a PE ratio of 3.48 and a beta of 1.47. The business has a 50 day moving average of $7.46 and a 200 day moving average of $8.46.

AG Mortgage Investment Trust (NYSE:MITTGet Rating) last posted 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 11.30%.

Institutional Trading of AG Mortgage Investment Trust

Several large investors have recently modified their holdings of MITT. National Bank of Canada FI bought a new stake in shares of AG Mortgage Investment Trust in the fourth quarter worth $31,000. Beach Point Capital Management LP grew its holdings in shares of AG Mortgage Investment Trust by 80.2% in the fourth quarter. Beach Point Capital Management LP now owns 1,387,609 shares of the real estate investment trust’s stock worth $14,223,000 after acquiring an additional 617,387 shares during the period. PVG Asset Management Corp bought a new stake in shares of AG Mortgage Investment Trust in the fourth quarter worth $541,000. Advisor Group Holdings Inc. grew its holdings in shares of AG Mortgage Investment Trust by 48.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 19,983 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 6,556 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of AG Mortgage Investment Trust in the fourth quarter worth $206,000. Institutional investors own 47.99% of the company’s stock.

AG Mortgage Investment Trust Company Profile

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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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