BidaskClub downgraded shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) from a hold rating to a sell rating in a research note released on Tuesday.

Several other brokerages also recently issued reports on MITT. ValuEngine upgraded shares of AG Mortgage Investment Trust from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Credit Suisse Group reissued a hold rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a report on Thursday, August 10th. Finally, Zacks Investment Research raised AG Mortgage Investment Trust from a sell rating to a hold rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $18.17.

AG Mortgage Investment Trust (MITT) traded down $0.01 during trading hours on Tuesday, reaching $18.77. 143,066 shares of the company’s stock traded hands, compared to its average volume of 175,811. The stock has a market capitalization of $523.82, a price-to-earnings ratio of 9.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. AG Mortgage Investment Trust has a one year low of $15.95 and a one year high of $19.72.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were issued a dividend of $0.475 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.90 annualized dividend and a yield of 10.12%. AG Mortgage Investment Trust’s dividend payout ratio is currently 66.43%.

A number of large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. raised its holdings in AG Mortgage Investment Trust by 0.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,839 shares of the real estate investment trust’s stock worth $41,882,000 after purchasing an additional 11,272 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in AG Mortgage Investment Trust by 19.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 72,780 shares of the real estate investment trust’s stock worth $1,402,000 after purchasing an additional 11,690 shares during the last quarter. SG Americas Securities LLC bought a new stake in AG Mortgage Investment Trust during the 3rd quarter worth about $117,000. Bank of New York Mellon Corp increased its stake in shares of AG Mortgage Investment Trust by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 134,191 shares of the real estate investment trust’s stock valued at $2,582,000 after acquiring an additional 3,979 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of AG Mortgage Investment Trust by 21.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 78,007 shares of the real estate investment trust’s stock valued at $1,501,000 after acquiring an additional 13,900 shares during the last quarter. 64.91% of the stock is owned by hedge funds and other institutional investors.

About AG Mortgage Investment Trust

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