Today: Today, AG Mortgage Investment Trust Inc. (MITT) Stock Rating Upgrade by Wunderlich

Today, AG Mortgage Investment Trust Inc. (MITT) Stock Rating Upgrade by Wunderlich

AG Mortgage Investment Trust Inc. (NYSE:MITT) was upgraded by equities research analysts at Wunderlich from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $17.00 price target on the real estate investment trust’s stock. Wunderlich’s target price points to a potential downside of 3.52% from the stock’s current price.

MITT has been the subject of a number of other research reports. Credit Suisse Group AG reaffirmed a “hold” rating on shares of AG Mortgage Investment Trust in a research report on Sunday, September 11th. Zacks Investment Research cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. JMP Securities reissued a “hold” rating on shares of AG Mortgage Investment Trust in a report on Tuesday, August 16th. Finally, TheStreet raised AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.40.

AG Mortgage Investment Trust (NYSE:MITT) opened at 17.62 on Monday. The company has a market capitalization of $488.07 million, a price-to-earnings ratio of 9.78 and a beta of 0.78. The company’s 50-day moving average price is $15.91 and its 200-day moving average price is $15.16. AG Mortgage Investment Trust has a 52 week low of $10.33 and a 52 week high of $17.74.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 23rd were issued a $0.475 dividend. The ex-dividend date was Wednesday, September 21st. This represents a $1.90 annualized dividend and a dividend yield of 10.78%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 104.40%.

Several institutional investors have recently made changes to their positions in MITT. UBS Group AG raised its position in shares of AG Mortgage Investment Trust by 4,054.4% in the third quarter. UBS Group AG now owns 479,376 shares of the real estate investment trust’s stock valued at $7,551,000 after buying an additional 467,837 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of AG Mortgage Investment Trust by 20.6% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,330,468 shares of the real estate investment trust’s stock valued at $33,652,000 after buying an additional 397,503 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of AG Mortgage Investment Trust by 21.0% in the second quarter. BlackRock Fund Advisors now owns 1,355,645 shares of the real estate investment trust’s stock valued at $19,576,000 after buying an additional 235,179 shares in the last quarter. Whitebox Advisors LLC raised its position in shares of AG Mortgage Investment Trust by 734.2% in the third quarter. Whitebox Advisors LLC now owns 156,075 shares of the real estate investment trust’s stock valued at $2,458,000 after buying an additional 137,366 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of AG Mortgage Investment Trust by 36.5% in the second quarter. Rothschild Asset Management Inc. now owns 430,909 shares of the real estate investment trust’s stock valued at $6,222,000 after buying an additional 115,299 shares in the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.

About AG Mortgage Investment Trust

Related posts

Leave a Comment