Shares of AG Mortgage Investment Trust, Inc. (NYSE: MITT – Get a rating) received an average “Buy” rating from the six research firms that cover the business, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The 12-month average price target among brokerages that have reported on the stock over the past year is $14.25.
Separately, StockNews.com launched coverage on AG Mortgage Investment Trust in a Thursday, March 31 report. They set a “holding” rating for the company.
GLOVE opened at $7.44 on Monday. The company has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $10.15. The stock has a market capitalization of $177.93 million, a P/E ratio of 1.32 and a beta of 1.45. AG Mortgage Investment Trust has a 12-month low of $7.26 and a 12-month high of $14.85.
AG Mortgage Investment Trust (NYSE: MITT – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The real estate investment trust reported earnings per share (EPS) of $0.33 for the quarter, beating the consensus estimate of $0.16 by $0.17. AG Mortgage Investment Trust posted a return on equity of 11.69% and a net margin of 141.14%.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Investors of record on Thursday, March 31 will receive a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 30. This represents an annualized dividend of $0.84 and a yield of 11.29%. AG Mortgage Investment Trust’s dividend payout ratio is currently 14.92%.
A number of institutional investors have recently increased or reduced their stake in MITT. Gables Capital Management Inc. acquired a new position in AG Mortgage Investment Trust during the third quarter worth $27,000. Capital Analysts LLC bought a new position in AG Mortgage Investment Trust during the third quarter at a value of $31,000. National Bank of Canada FI bought a new position in AG Mortgage Investment Trust during the fourth quarter at a value of $31,000. Lazard Asset Management LLC bought a new position in AG Mortgage Investment Trust during the fourth quarter at a value of $41,000. Finally, Wells Fargo & Company MN increased its position in AG Mortgage Investment Trust by 387.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,816 shares of the real estate investment trust worth $49,000 after buying 3,828 additional shares last quarter. 48.59% of the shares are held by institutional investors.
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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