AG Mortgage Investment Trust (NYSE:MITT) Rating Lowered to “Sell” at Wall Street Zen

AG Mortgage Investment Trust (NYSE:MITT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

MITT has been the subject of several other research reports. Jones Trading reaffirmed a “buy” rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price objective on shares of AG Mortgage Investment Trust from $8.25 to $8.50 and gave the company a “market perform” rating in a research note on Thursday. Finally, UBS Group boosted their price objective on shares of AG Mortgage Investment Trust from $8.00 to $8.75 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.55.

AG Mortgage Investment Trust Stock Down 1.0%

MITT opened at $7.60 on Friday. The company has a market capitalization of $225.60 million, a price-to-earnings ratio of 8.54 and a beta of 1.55. The firm has a 50-day moving average price of $7.31 and a 200-day moving average price of $7.03. AG Mortgage Investment Trust has a twelve month low of $5.63 and a twelve month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The business had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.67 million. AG Mortgage Investment Trust had a return on equity of 11.86% and a net margin of 10.98%. On average, sell-side analysts expect that AG Mortgage Investment Trust will post 0.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in AG Mortgage Investment Trust by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,790 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 2,047 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in AG Mortgage Investment Trust by 43.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 2,231 shares in the last quarter. Russell Investments Group Ltd. grew its stake in AG Mortgage Investment Trust by 98.1% in the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,739 shares in the last quarter. Wells Fargo & Company MN grew its stake in AG Mortgage Investment Trust by 28.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,084 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 3,827 shares in the last quarter. Finally, Quarry LP grew its stake in AG Mortgage Investment Trust by 158.9% in the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 3,914 shares in the last quarter. Hedge funds and other institutional investors own 27.32% of the company’s stock.

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.