Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.92.
Several equities research analysts recently weighed in on the company. Piper Sandler reduced their price target on AG Mortgage Investment Trust from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings downgraded shares of AG Mortgage Investment Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. BTIG Research raised shares of AG Mortgage Investment Trust from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Wednesday, June 17th. Finally, JonesTrading cut their price objective on shares of AG Mortgage Investment Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, August 10th.
Read Our Latest Stock Analysis on MITT
Institutional Investors Weigh In On AG Mortgage Investment Trust
AG Mortgage Investment Trust Stock Down 1.3%
Shares of MITT stock opened at $5.59 on Friday. The stock has a fifty day moving average of $6.52 and a 200 day moving average of $7.29. The firm has a market capitalization of $177.92 million, a price-to-earnings ratio of 7.56 and a beta of 1.74. AG Mortgage Investment Trust has a 52 week low of $5.50 and a 52 week high of $9.27.
AG Mortgage Investment Trust (NYSE:MITT – Get Free Report) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). AG Mortgage Investment Trust had a net margin of 8.55% and a return on equity of 15.59%. The company had revenue of $23.39 million for the quarter, compared to the consensus estimate of $26.13 million. Equities research analysts anticipate that AG Mortgage Investment Trust will post 1.04 earnings per share for the current year.
AG Mortgage Investment Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 17.2%. The ex-dividend date of this dividend is Wednesday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 129.73%.
AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc (NYSE:MITT) is a real estate investment trust (REIT) that invests primarily in residential mortgage-related assets. Its portfolio may include agency and non-agency mortgage-backed securities, residential mortgage loans, mortgage servicing rights and other investments associated with the U.S. housing and residential credit markets.
The company seeks to generate income and preserve capital through a combination of asset selection, financing and active portfolio management.
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