ValuEngine upgraded shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) from a buy rating to a strong-buy rating in a report published on Friday.

Several other brokerages have also issued reports on MITT. BidaskClub lowered AG Mortgage Investment Trust from a buy rating to a hold rating in a research report on Friday, August 4th. Credit Suisse Group reaffirmed a hold rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research note on Friday, May 5th. Wunderlich lifted their price target on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a hold rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of AG Mortgage Investment Trust from a hold rating to a sell rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on shares of AG Mortgage Investment Trust and gave the company a hold rating in a research note on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. AG Mortgage Investment Trust presently has an average rating of Hold and an average price target of $18.38.

AG Mortgage Investment Trust (NYSE MITT) opened at 19.40 on Friday. The company has a market cap of $539.86 million, a price-to-earnings ratio of 5.99 and a beta of 0.92. AG Mortgage Investment Trust has a 52-week low of $14.61 and a 52-week high of $19.57. The firm’s 50-day moving average price is $18.87 and its 200-day moving average price is $18.43.

AG Mortgage Investment Trust (NYSE:MITT) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. AG Mortgage Investment Trust had a return on equity of 11.97% and a net margin of 85.21%. The business had revenue of $31.22 million during the quarter, compared to analyst estimates of $21.76 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that AG Mortgage Investment Trust will post $1.82 EPS for the current year.

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Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new position in shares of AG Mortgage Investment Trust during the first quarter worth $105,000. Creative Planning increased its position in shares of AG Mortgage Investment Trust by 104.4% during the second quarter. Creative Planning now owns 5,858 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,992 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of AG Mortgage Investment Trust by 59.8% during the second quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 2,596 shares in the last quarter. Hancock Holding Co. acquired a new position in shares of AG Mortgage Investment Trust during the first quarter worth $186,000. Finally, Teza Capital Management LLC acquired a new position in shares of AG Mortgage Investment Trust during the first quarter worth $197,000. 64.72% of the stock is owned by institutional investors.

About AG Mortgage Investment Trust

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