AG Mortgage Investment Trust (NYSE:MITT) Price Target Raised to $7.50 at Keefe, Bruyette & Woods

AG Mortgage Investment Trust (NYSE:MITT) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $7.00 to $7.50 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 10.29% from the company’s previous close.

Several other brokerages have also commented on MITT. Jonestrading restated a “buy” rating and issued a $8.00 price objective on shares of AG Mortgage Investment Trust in a report on Friday. StockNews.com raised shares of AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $7.00 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.38.

AG Mortgage Investment Trust Price Performance

MITT traded up $0.06 on Tuesday, hitting $6.80. The company had a trading volume of 146,509 shares, compared to its average volume of 200,854. AG Mortgage Investment Trust has a 52-week low of $4.82 and a 52-week high of $6.91. The stock has a fifty day simple moving average of $5.89 and a 200-day simple moving average of $5.85. The firm has a market capitalization of $200.26 million, a P/E ratio of 3.91 and a beta of 1.98.

Insider Buying and Selling at AG Mortgage Investment Trust

In other AG Mortgage Investment Trust news, CEO Thomas Durkin acquired 50,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $6.12 per share, with a total value of $306,000.00. Following the transaction, the chief executive officer now directly owns 372,832 shares in the company, valued at approximately $2,281,731.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On AG Mortgage Investment Trust

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in AG Mortgage Investment Trust by 37.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,069 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,718 shares during the period. Naviter Wealth LLC bought a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $83,000. Barclays PLC bought a new position in shares of AG Mortgage Investment Trust during the 3rd quarter valued at about $86,000. Allworth Financial LP bought a new position in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $87,000. Finally, Napa Wealth Management purchased a new stake in shares of AG Mortgage Investment Trust during the 4th quarter valued at about $96,000. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Company Profile

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.