JMP Securities Reiterates “Market Outperform” Rating for AG Mortgage Investment Trust (NYSE:MITT)

AG Mortgage Investment Trust (NYSE:MITT)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a report released on Thursday, Benzinga reports. They presently have a $7.00 target price on the real estate investment trust’s stock. JMP Securities’ price target suggests a potential upside of 25.90% from the company’s current price.

Separately, Keefe, Bruyette & Woods increased their target price on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.25.

AG Mortgage Investment Trust Price Performance

Shares of NYSE MITT opened at $5.56 on Thursday. AG Mortgage Investment Trust has a 1 year low of $4.82 and a 1 year high of $6.89. The stock has a market capitalization of $163.76 million, a P/E ratio of 3.54 and a beta of 1.98. The company’s 50-day moving average is $5.95 and its 200 day moving average is $5.80.

Insider Transactions at AG Mortgage Investment Trust

In related news, CEO Thomas Durkin acquired 50,000 shares of AG Mortgage Investment Trust stock in a transaction that occurred on Friday, February 23rd. The stock was bought 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 $2,281,731.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On AG Mortgage Investment Trust

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in AG Mortgage Investment Trust by 25.6% in the 1st quarter. Jane Street Group LLC now owns 13,091 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 2,665 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in AG Mortgage Investment Trust by 37.0% in the fourth 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of AG Mortgage Investment Trust by 32.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,958 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 3,455 shares in the last quarter. Naviter Wealth LLC grew its holdings in shares of AG Mortgage Investment Trust by 30.9% during the first quarter. Naviter Wealth LLC now owns 16,947 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4,000 shares during the last quarter. Finally, FMR LLC increased its position in shares of AG Mortgage Investment Trust by 175.1% during the first quarter. FMR LLC now owns 6,633 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 4,222 shares in the last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

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.