Tue Sep 17 05:34:50 UTC 2024: ## AG Mortgage Investment Trust (MITT) Sees Moderate Buy Rating, Target Price of $8.00
**New York, NY -** AG Mortgage Investment Trust, Inc. (NYSE:MITT) has received an average rating of “Moderate Buy” from five brokerages covering the stock, according to Marketbeat.com.
The real estate investment trust (REIT) has seen a mix of analyst opinions, with one issuing a “Hold” rating and four issuing “Buy” ratings. The average 12-month price target among analysts is $8.00.
Recent research reports have seen mixed opinions on MITT. Keefe, Bruyette & Woods maintained a “Market Perform” rating with a $7.50 target price, while JMP Securities upgraded their target price to $8.50 and gave the stock a “Market Outperform” rating. Piper Sandler initiated coverage with an “Overweight” rating and a $9.00 target price, while StockNews.com downgraded MITT from “Buy” to “Hold”.
Despite missing analysts’ earnings estimates in the last quarter, AG Mortgage Investment Trust reported $0.21 EPS and revenue of $99.82 million. The company’s performance compared to $0.08 EPS in the same period last year.
Institutional investors have been active in MITT, with several increasing their holdings in recent quarters. The Manufacturers Life Insurance Company, Algert Global LLC, Napa Wealth Management, Naviter Wealth LLC, and Transcend Capital Advisors LLC have all acquired new stakes or boosted their existing positions in the REIT.
AG Mortgage Investment Trust focuses on residential mortgage investments, including non-agency and agency-eligible loans, as well as commercial loans and mortgage-backed securities.
**Disclaimer:** This news article is based on publicly available information and does not constitute investment advice. Investors should conduct their own due diligence before making any investment decisions.
First Piper 