Keefe, Bruyette & Woods Issues Positive Forecast for AG Mortgage Investment Trust (NYSE:MITT) Stock Price

AG Mortgage Investment Trust (NYSE:MITT) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $8.50 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 3.83% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Jones Trading reissued a “buy” rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research note on Tuesday, November 4th. Zacks Research raised AG Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Wall Street Zen upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group increased their price objective on shares of AG Mortgage Investment Trust from $8.75 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AG Mortgage Investment Trust in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.70.

AG Mortgage Investment Trust Stock Performance

NYSE MITT opened at $8.67 on Thursday. The firm has a market cap of $275.12 million, a PE ratio of 9.32 and a beta of 1.63. AG Mortgage Investment Trust has a one year low of $5.63 and a one year high of $8.81. The firm’s fifty day moving average is $7.73 and its two-hundred day moving average is $7.61.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Wednesday, September 4th. The real estate investment trust reported $0.21 earnings per share for the quarter. AG Mortgage Investment Trust had a return on equity of 13.88% and a net margin of 11.03%.The company had revenue of $11.49 million during the quarter. Research analysts predict that AG Mortgage Investment Trust will post 0.78 earnings per share for the current year.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its position in AG Mortgage Investment Trust by 127.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 66,607 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 37,328 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AG Mortgage Investment Trust by 258.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 6,460 shares during the period. Moors & Cabot Inc. purchased a new position in shares of AG Mortgage Investment Trust during the 3rd quarter worth $120,000. Alliancebernstein L.P. boosted its holdings in shares of AG Mortgage Investment Trust by 23.1% during the third quarter. Alliancebernstein L.P. now owns 20,270 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of AG Mortgage Investment Trust in the third quarter valued at $76,000. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

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.