AG Mortgage Investment Trust (NYSE:MITT – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.
Other research analysts have also issued research reports about the stock. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price objective on shares of AG Mortgage Investment Trust in a research report on Thursday, April 18th. Keefe, Bruyette & Woods upped their price target on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Finally, Jonestrading reissued a “buy” rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AG Mortgage Investment Trust has an average rating of “Moderate Buy” and an average target price of $7.38.
Check Out Our Latest Research Report on MITT
AG Mortgage Investment Trust Price Performance
Insiders Place Their Bets
In related news, CEO Thomas Durkin acquired 50,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $6.12 per share, with a total value of $306,000.00. Following the completion of the acquisition, the chief executive officer now owns 372,832 shares of the company’s stock, valued at $2,281,731.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On AG Mortgage Investment Trust
A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of AG Mortgage Investment Trust in the 3rd quarter worth approximately $86,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of AG Mortgage Investment Trust in the 3rd quarter worth approximately $126,000. GSA Capital Partners LLP boosted its holdings in shares of AG Mortgage Investment Trust by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 9,092 shares in the last quarter. Beach Point Capital Management LP boosted its holdings in shares of AG Mortgage Investment Trust by 68.0% in the 4th quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock worth $3,653,000 after acquiring an additional 232,895 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of AG Mortgage Investment Trust in the 4th quarter worth approximately $231,000. 27.32% of the stock is owned by institutional investors and hedge funds.
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.
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