AG Mortgage Investment Trust Inc (MITT) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 17

AG Mortgage Investment Trust Inc (MITT) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $15.50 . Wunderlich advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, AG Mortgage Investment Trust Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.46.Analysts expectations of $ 22.72.During the same quarter in the previous year, the company posted $0.65 EPS.

AG Mortgage Investment Trust Inc opened for trading at $15.46 and hit $15.79 on the upside on Friday, eventually ending the session at $15.64, with a gain of 1.82% or 0.28 points. The heightened volatility saw the trading volume jump to 2,64,442 shares. Company has a market cap of $441 M.

In a different news, on Mar 2, 2016, Brian C. Sigman (CFO) purchased 6,100 shares at $12.28 per share price.

AG Mortgage Investment Trust Inc. is a real estate investment trust (REIT). The Company is focused on investing in acquiring and managing a diversified portfolio of 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) 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. The majority of the Company’s portfolio consists of mortgage-backed securities specifically RMBS.

AG Mortgage Investment Trust Inc

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