Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for AG Mortgage Investment Trust (NYSE:MITT)

AG Mortgage Investment Trust (NYSE:MITTGet Free Report)‘s stock had its “market perform” rating reissued by investment analysts at Keefe, Bruyette & Woods in a research note issued on Monday, Benzinga reports. They currently have a $7.50 target price on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 9.49% from the stock’s current price.

A number of other research analysts have also commented on the company. Jonestrading reissued a “buy” rating and set a $8.00 price target on shares of AG Mortgage Investment Trust in a report on Friday, May 3rd. StockNews.com raised AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Finally, JMP Securities lifted their target price on AG Mortgage Investment Trust from $7.00 to $7.50 and gave the stock a “market outperform” rating in a report on Thursday, May 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Check Out Our Latest Stock Report on AG Mortgage Investment Trust

AG Mortgage Investment Trust Stock Performance

Shares of MITT opened at $6.85 on Monday. The firm has a market capitalization of $201.87 million, a price-to-earnings ratio of 3.94 and a beta of 2.04. AG Mortgage Investment Trust has a one year low of $4.82 and a one year high of $6.99. The stock’s fifty day moving average is $6.39 and its 200-day moving average is $6.21.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of institutional investors have recently bought and sold shares of MITT. Beach Point Capital Management LP boosted its position in AG Mortgage Investment Trust by 68.0% during the 4th quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock worth $3,653,000 after acquiring an additional 232,895 shares during the period. GSA Capital Partners LLP boosted its position in AG Mortgage Investment Trust by 6.5% during the 3rd quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 9,092 shares during the period. Wolverine Asset Management LLC boosted its position in AG Mortgage Investment Trust by 64.1% during the 4th quarter. Wolverine Asset Management LLC now owns 132,369 shares of the real estate investment trust’s stock worth $841,000 after acquiring an additional 51,709 shares during the period. Jump Financial LLC acquired a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $280,000. Finally, Allworth Financial LP acquired a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

(Get Free Report)

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.

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