AG Mortgage Investment Trust (NYSE:MITT) Given Market Outperform Rating at JMP Securities

AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “market outperform” rating reissued by JMP Securities in a report released on Thursday, Benzinga reports. They presently have a $7.00 price target on the real estate investment trust’s stock. JMP Securities’ price target suggests a potential upside of 26.35% from the company’s current price.

Separately, Keefe, Bruyette & Woods boosted their price objective on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.25.

AG Mortgage Investment Trust Stock Performance

Shares of AG Mortgage Investment Trust stock traded up $0.08 during trading on Thursday, hitting $5.54. 33,772 shares of the company’s stock were exchanged, compared to its average volume of 204,406. AG Mortgage Investment Trust has a 52-week low of $4.82 and a 52-week high of $6.89. The stock has a market capitalization of $163.15 million, a price-to-earnings ratio of 3.52 and a beta of 1.98. The business has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $5.80.

Insider Transactions at AG Mortgage Investment Trust

In other AG Mortgage Investment Trust news, CEO Thomas Durkin purchased 50,000 shares of AG Mortgage Investment Trust stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $6.12 per share, with a total value of $306,000.00. Following the acquisition, the chief executive officer now owns 372,832 shares of the company’s stock, valued at approximately $2,281,731.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of large investors have recently added to or reduced their stakes in MITT. FMR LLC raised its position in shares of AG Mortgage Investment Trust by 175.1% during the 1st quarter. FMR LLC now owns 6,633 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 4,222 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of AG Mortgage Investment Trust in the third quarter valued at approximately $43,000. JPMorgan Chase & Co. boosted its stake in shares of AG Mortgage Investment Trust by 392,600.0% in the first quarter. JPMorgan Chase & Co. now owns 7,854 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 7,852 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of AG Mortgage Investment Trust by 37.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,069 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,718 shares in the last quarter. Finally, CI Private Wealth LLC acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at $74,000. 27.32% of the stock is currently owned by institutional investors and hedge funds.

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.