AG Mortgage Investment Trust’s (MITT) “Market Outperform” Rating Reaffirmed at JMP Securities

AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a report issued on Thursday,Benzinga reports. They currently have a $8.50 price target on the real estate investment trust’s stock. JMP Securities’ price target points to a potential upside of 31.48% from the stock’s previous close.

Separately, StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Trading Up 0.5 %

NYSE MITT traded up $0.04 during trading hours on Thursday, hitting $6.47. 21,130 shares of the company’s stock traded hands, compared to its average volume of 265,400. AG Mortgage Investment Trust has a 52 week low of $5.44 and a 52 week high of $7.95. The firm has a market capitalization of $190.78 million, a P/E ratio of 2.83 and a beta of 1.99. The business’s fifty day moving average price is $6.78 and its two-hundred day moving average price is $7.11.

Hedge Funds Weigh In On AG Mortgage Investment Trust

A number of hedge funds have recently modified their holdings of MITT. AlphaCore Capital LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter worth about $77,000. The Manufacturers Life Insurance Company purchased a new stake in AG Mortgage Investment Trust during the 2nd quarter valued at approximately $72,000. Virtus Investment Advisers Inc. bought a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $86,000. Algert Global LLC purchased a new position in shares of AG Mortgage Investment Trust in the second quarter worth $81,000. Finally, SG Americas Securities LLC bought a new position in shares of AG Mortgage Investment Trust during the third quarter worth $93,000. 27.32% of the stock is currently owned by institutional investors.

About AG Mortgage Investment Trust

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-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.