AG Mortgage Investment Trust, Inc. (MITT) Receives Consensus Rating of “Hold” from Analysts

AG Mortgage Investment Trust, Inc. (NYSE:MITT) has earned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.17.

MITT has been the subject of a number of recent research reports. ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.

AG Mortgage Investment Trust (NYSE MITT) traded up $0.12 during mid-day trading on Friday, reaching $19.32. The company’s stock had a trading volume of 97,000 shares, compared to its average volume of 160,441. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $541.30, a PE ratio of 9.80 and a beta of 0.91. AG Mortgage Investment Trust has a one year low of $16.84 and a one year high of $19.95.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.475 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.90 dividend on an annualized basis and a yield of 9.83%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 66.43%.

A number of large investors have recently added to or reduced their stakes in MITT. Fuller & Thaler Asset Management Inc. increased its position in AG Mortgage Investment Trust by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,839 shares of the real estate investment trust’s stock valued at $41,882,000 after acquiring an additional 11,272 shares during the period. State Street Corp lifted its stake in AG Mortgage Investment Trust by 7.0% in the 2nd quarter. State Street Corp now owns 689,555 shares of the real estate investment trust’s stock valued at $12,620,000 after buying an additional 45,276 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in AG Mortgage Investment Trust by 49.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 478,488 shares of the real estate investment trust’s stock valued at $9,206,000 after buying an additional 158,092 shares in the last quarter. Northern Trust Corp lifted its stake in AG Mortgage Investment Trust by 0.8% in the 2nd quarter. Northern Trust Corp now owns 339,999 shares of the real estate investment trust’s stock valued at $6,222,000 after buying an additional 2,733 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AG Mortgage Investment Trust by 3.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 294,322 shares of the real estate investment trust’s stock valued at $5,386,000 after acquiring an additional 8,648 shares during the last quarter. Hedge funds and other institutional investors own 65.74% of the company’s stock.

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