Worth Watching: A Reversal for AG Mortgage Investment Trust Inc Is Not Near. The Stock Reaches 52-Week High Today

Worth Watching: A Reversal for AG Mortgage Investment Trust Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) hit a new 52-week high and has $19.18 target or 8.00% above today’s $17.76 share price. The 6 months bullish chart indicates low risk for the $497.03 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $19.18 price target is reached, the company will be worth $39.76 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 143,670 shares traded hands. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 31.49% since April 25, 2016 and is uptrending. It has outperformed by 25.48% the S&P500.

Analysts await AG Mortgage Investment Trust Inc (NYSE:MITT) to report earnings on February, 23. They expect $0.47 earnings per share, down 14.55% or $0.08 from last year’s $0.55 per share. MITT’s profit will be $13.15M for 9.45 P/E if the $0.47 EPS becomes a reality. After $0.50 actual earnings per share reported by AG Mortgage Investment Trust Inc for the previous quarter, Wall Street now forecasts -6.00% negative EPS growth.

AG Mortgage Investment Trust Inc (NYSE:MITT) Ratings Coverage

Out of 3 analysts covering AG Mortgage Investment Trust (NYSE:MITT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. AG Mortgage Investment Trust has been the topic of 11 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Monday, August 17. Wunderlich maintained the shares of MITT in a report on Wednesday, November 11 with “Hold” rating. Maxim Group maintained the stock with “Buy” rating in Monday, November 9 report. The rating was upgraded by Wunderlich on Monday, November 7 to “Buy”. The stock has “Buy” rating given by Maxim Group on Monday, August 10. Deutsche Bank maintained it with “Buy” rating and $19.25 target price in Monday, August 10 report. The rating was maintained by Wunderlich on Monday, August 8 with “Hold”.

According to Zacks Investment Research, “AG Mortgage Investment Trust, Inc. is a real estate investment trust. The Company invests in, acquires and manages residential mortgage assets, other real estate-related securities and financial assets. Its non-Agency RMBS investments include fixed- and floating-rate securities, including investment grade and non investment grade. The Company’s Agency RMBS investments include mortgage pass-through securities and collateralized mortgage obligations. The Company mainly invests in CMBS and asset-backed securities. AG Mortgage Investment Trust, Inc. is headquartered in New York, New York.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.41, from 0.96 in 2016Q1. The ratio improved, as 11 funds sold all AG Mortgage Investment Trust Inc shares owned while 34 reduced positions. 9 funds bought stakes while 34 increased positions. They now own 16.88 million shares or 2.28% less from 17.27 million shares in 2016Q1.
Creative Planning last reported 0% of its portfolio in the stock. Oppenheimer And holds 0.08% or 195,908 shares in its portfolio. The New York-based Metropolitan Life Insur Ny has invested 0% in AG Mortgage Investment Trust Inc (NYSE:MITT). Angelo Gordon & Limited Partnership holds 400,000 shares or 0.41% of its portfolio. Whitebox Advisors Lc has 0.01% invested in the company for 18,709 shares. Bb&T Corp accumulated 15,000 shares or 0% of the stock. Voya Limited Liability Co last reported 11,826 shares in the company. The Michigan-based Northpointe Lc has invested 0.32% in AG Mortgage Investment Trust Inc (NYSE:MITT). Qs Invsts Limited last reported 2,361 shares in the company. Stifel Fincl Corp accumulated 402,548 shares or 0.03% of the stock. Aperio Ltd accumulated 0.01% or 52,387 shares. Us Bancshares De owns 1,044 shares or 0% of their US portfolio. Blackrock Llc holds 0% or 16,097 shares in its portfolio. Guggenheim Capital Limited Liability holds 0% or 49,411 shares in its portfolio. Schwab Charles Invest Incorporated accumulated 0% or 108,026 shares.

More important recent AG Mortgage Investment Trust Inc (NYSE:MITT) news were published by: Businesswire.com which released: “AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2016 Earnings …” on October 21, 2016, also Businesswire.com published article titled: “AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2015 Common …”, Businesswire.com published: “AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on …” on February 12, 2016. More interesting news about AG Mortgage Investment Trust Inc (NYSE:MITT) was released by: Businesswire.com and their article: “AG Mortgage Investment Trust, Inc. Reports Second Quarter Results” with publication date: August 04, 2016.

MITT Company Profile

AG Mortgage Investment Trust, Inc., incorporated on March 1, 2011, is a real estate investment trust (REIT). The Firm is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It is also focused on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

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