AG Mortgage Investment Trust, Inc. (NYSE:MITT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, November 7th.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.17.
AG Mortgage Investment Trust (MITT) traded down $0.07 during mid-day trading on Tuesday, hitting $19.35. 53,672 shares of the company’s stock were exchanged, compared to its average volume of 151,541. The company has a market cap of $545.53, a P/E ratio of 9.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. AG Mortgage Investment Trust has a one year low of $16.50 and a one year high of $19.72.
A number of institutional investors have recently made changes to their positions in MITT. Creative Planning increased its holdings in AG Mortgage Investment Trust by 104.4% in the 2nd quarter. Creative Planning now owns 5,858 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,992 shares during the period. SG Americas Securities LLC bought a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at $117,000. BNP Paribas Arbitrage SA increased its holdings in AG Mortgage Investment Trust by 59.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 2,596 shares during the period. Cubist Systematic Strategies LLC bought a new stake in AG Mortgage Investment Trust in the 2nd quarter valued at $197,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of AG Mortgage Investment Trust in the 2nd quarter worth about $220,000. 63.68% of the stock is currently owned by hedge funds and other institutional investors.
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About AG Mortgage Investment Trust
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