AG Mortgage Investment Trust, Inc. (NYSE:MITT) given average brokerage “hold” recommendation
AG Mortgage Investment Trust, Inc. (NYSE: MITT – Get a rating) received an average recommendation of “Hold” by the six brokerages that cover the stock, reports Marketbeat.com. One analyst rated the stock with a sell recommendation, one gave a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $14.25.
Separately, StockNews.com cut shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a Wednesday, May 11, report.
NYSE:MITT opened at $7.74 on Friday. The stock has a market capitalization of $185.17 million, a PE ratio of 3.58 and a beta of 1.48. The company‘s 50-day moving average is $8.20 and its 200-day moving average is $9.60. AG Mortgage Investment Trust has a 12-month low of $7.09 and a 12-month high of $14.85.
AG Mortgage Investment Trust (NYSE: MITT – Get a rating) last released its quarterly results on Friday, May 6. The real estate investment trust reported ($0.74) EPS for the quarter, missing analyst consensus estimates of $0.22 per ($0.96). AG Mortgage Investment Trust posted a return on equity of 10.93% and a net margin of 52.03%.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Thursday, March 31 received a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 10.85%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 38.89%.
A number of large investors have recently changed their positions in the stock. Gables Capital Management Inc. acquired a new stake in AG Mortgage Investment Trust in the third quarter for $27,000. National Bank of Canada FI acquired a new stake in AG Mortgage Investment Trust in the fourth quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new stake in AG Mortgage Investment Trust in the fourth quarter worth approximately $41,000. Wells Fargo & Company MN increased its holdings in AG Mortgage Investment Trust by 387.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,816 shares of the real estate investment trust worth $49,000 after purchasing 3,828 additional shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in AG Mortgage Investment Trust in the first quarter worth approximately $50,000. Institutional investors hold 47.99% of the company’s shares.
AG Mortgage Investment Trust Company Profile (Get a rating)
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-qualifying mortgages, non-occupied loans by government-sponsored entities, re/non-performing loans, land-related financing and residential mortgage-backed securities. agency; and business investments.
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