AG Mortgage Investment Trust’s (MITT) “Market Outperform” Rating Reaffirmed at JMP Securities

AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research note issued to investors on Thursday, Benzinga reports. They currently have a $7.00 price objective on the real estate investment trust’s stock. JMP Securities’ price target points to a potential upside of 25.90% from the company’s current price.

Separately, Keefe, Bruyette & Woods raised their price target on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.25.

AG Mortgage Investment Trust Stock Up 1.1 %

MITT opened at $5.56 on Thursday. The stock’s fifty day moving average is $5.95 and its two-hundred day moving average is $5.80. The company has a market capitalization of $163.76 million, a P/E ratio of 3.54 and a beta of 1.98. AG Mortgage Investment Trust has a 52 week low of $4.82 and a 52 week high of $6.89.

Insiders Place Their Bets

In related news, CEO Thomas Durkin purchased 50,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the acquisition, the chief executive officer now owns 372,832 shares of the company’s stock, valued at approximately $2,281,731.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Trading of AG Mortgage Investment Trust

Hedge funds have recently modified their holdings of the company. Naviter Wealth LLC grew its position in shares of AG Mortgage Investment Trust by 30.9% in the 1st quarter. Naviter Wealth LLC now owns 16,947 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in AG Mortgage Investment Trust by 50.8% in the fourth quarter. Vanguard Group Inc. now owns 1,534,629 shares of the real estate investment trust’s stock worth $9,745,000 after purchasing an additional 516,726 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of AG Mortgage Investment Trust by 23.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 73,805 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 14,181 shares in the last quarter. Napa Wealth Management acquired a new stake in shares of AG Mortgage Investment Trust in the 4th quarter worth $96,000. Finally, Barclays PLC grew its stake in AG Mortgage Investment Trust by 44.6% during the 4th quarter. Barclays PLC now owns 22,507 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 6,940 shares during the last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

About AG Mortgage Investment Trust

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.