AG Mortgage Investment Trust Inc. (NYSE:MITT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm presently has a $19.00 price target on the real estate investment trust’s stock. Zacks Investment Research’s price target would suggest a potential upside of 15.36% from the company’s current price.

According to Zacks, “AG Mortgage Investment Trust, Inc. is a real estate investment trust. The Company invests in, acquires and manages residential mortgage assets, other real estate-related securities and financial assets. Its non-Agency RMBS investments include fixed- and floating-rate securities, including investment grade and non investment grade. The Company’s Agency RMBS investments include mortgage pass-through securities and collateralized mortgage obligations. The Company mainly invests in CMBS and asset-backed securities. AG Mortgage Investment Trust, Inc. is headquartered in New York, New York. “

MITT has been the topic of a number of other reports. Credit Suisse Group AG reiterated a “hold” rating on shares of AG Mortgage Investment Trust in a research report on Sunday, September 11th. JMP Securities restated a “hold” rating on shares of AG Mortgage Investment Trust in a research report on Tuesday, August 16th. Wunderlich upped their price objective on AG Mortgage Investment Trust from $15.50 to $17.00 and gave the company a “hold” rating in a research report on Monday, August 8th. Finally, TheStreet upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. AG Mortgage Investment Trust currently has an average rating of “Buy” and a consensus target price of $17.40.

Analyst Recommendations for AG Mortgage Investment Trust (NYSE:MITT)

Shares of AG Mortgage Investment Trust (NYSE:MITT) opened at 16.47 on Wednesday. The company’s 50 day moving average price is $15.43 and its 200 day moving average price is $14.88. AG Mortgage Investment Trust has a 52-week low of $10.33 and a 52-week high of $16.74. The company has a market capitalization of $456.19 million, a price-to-earnings ratio of 9.14 and a beta of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 23rd were issued a $0.475 dividend. The ex-dividend date was Wednesday, September 21st. This represents a $1.90 annualized dividend and a dividend yield of 11.54%. AG Mortgage Investment Trust’s payout ratio is 104.40%.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake 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 during the last quarter. KCG Holdings Inc. purchased a new position in shares of AG Mortgage Investment Trust during the second quarter valued at about $153,000. BB&T Corp purchased a new position in shares of AG Mortgage Investment Trust during the second quarter valued at about $217,000. BlackRock Advisors LLC boosted its position in shares of 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 valued at $232,000 after buying an additional 1,251 shares during the period. Finally, National Asset Management Inc. boosted its position in shares of 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 valued at $279,000 after buying an additional 703 shares during the period. Hedge funds and other institutional investors own 62.07% of the company’s stock.

About AG Mortgage Investment Trust

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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