BidaskClub Lowers AG Mortgage Investment Trust, Inc. (MITT) to Sell

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.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

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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