Shares of AG Mortgage Investment Trust Inc. (NYSE:MITT) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.00.

A number of brokerages recently weighed in on MITT. Zacks Investment Research raised AG Mortgage Investment Trust from a “sell” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, July 13th. JMP Securities reissued a “hold” rating on shares of AG Mortgage Investment Trust in a research note on Tuesday, August 16th. Wunderlich raised their price objective on AG Mortgage Investment Trust from $15.50 to $17.00 and gave the company a “hold” rating in a research note on Monday, August 8th. Credit Suisse Group AG reissued a “hold” rating on shares of AG Mortgage Investment Trust in a research note on Sunday, September 11th. Finally, TheStreet raised AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 5th.

Shares of AG Mortgage Investment Trust (NYSE:MITT) traded down 0.54% during trading on Tuesday, reaching $14.83. The company had a trading volume of 62,865 shares. The firm has a market capitalization of $413.46 million, a PE ratio of 100.88 and a beta of 0.60. The stock has a 50 day moving average price of $15.72 and a 200 day moving average price of $14.53. AG Mortgage Investment Trust has a 12 month low of $10.33 and a 12 month high of $16.43.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.03. AG Mortgage Investment Trust had a net margin of 13.89% and a return on equity of 11.73%. During the same period in the prior year, the company earned $0.65 earnings per share. On average, equities research analysts forecast that AG Mortgage Investment Trust will post $1.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 23rd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 12.74%. The ex-dividend date of this dividend is Wednesday, September 21st. AG Mortgage Investment Trust’s dividend payout ratio is currently 1,266.67%.

A number of hedge funds and other institutional investors have recently modified their holdings of MITT. BlackRock Inc. increased its position in shares of AG Mortgage Investment Trust by 307.9% in the second quarter. BlackRock Inc. now owns 8,508 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 6,422 shares in the last quarter. KCG Holdings Inc. purchased a new stake in AG Mortgage Investment Trust during the second quarter worth about $153,000. BB&T Corp purchased a new stake in AG Mortgage Investment Trust during the second quarter worth about $217,000. BlackRock Advisors LLC boosted its stake in AG Mortgage Investment Trust by 8.4% in the second quarter. BlackRock Advisors LLC now owns 16,097 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 1,251 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in AG Mortgage Investment Trust by 3.8% in the second quarter. National Asset Management Inc. now owns 19,254 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 703 shares in the last quarter. 62.05% of the stock is currently owned by institutional investors.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets.

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