Economy

Earnings at the Forefront For AG Mortgage Investment Trust, Inc

Analysts reported that the Price Target for New York Mortgage Trust Inc. might touch $6.5 high while the Average Price Target and Low price Target is $6.21 and $5.75 respectively. (NYSE:MITT) from a hold rating to a sell rating in a research note released on Tuesday.

While looking at the Stock's Performance, New York Mortgage Trust Inc. now shows a Weekly Performance of 3.98%, where Monthly Performance is 0.97%, Quarterly performance is 1.29%, 6 Months performance is 1.79% and yearly performance percentage is 2.96%. PennyMac Mortgage Investment Trust has a consensus rating of "Hold" and an average price target of $17.33. Finally, BidaskClub raised PennyMac Mortgage Investment Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 26th.

Some buy side analysts are also providing their Analysis on New York Mortgage Trust Inc., where 1 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 4 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. Uptrending stocks trade above their moving averages, while downtrending stocks trade below. For the past 5 days of trading, the stock has seen a move of -0.16%. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.71.

News articles about AG Mortgage Investment Trust (NYSE:MITT) have trended somewhat positive on Wednesday, according to Accern.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings results on Tuesday, October 31st. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. During the same quarter in the previous year, the firm posted $0.50 EPS. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation. If you are reading this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Friday, September 29th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.12%. AG Mortgage Investment Trust's payout ratio is 66.43%.

A number of large investors have recently made changes to their positions in the business. AG Mortgage Investment Trust earned a news sentiment score of 0.13 on Accern's scale. Looking back over the last month, shares have performed -2.54%. Vanguard Group Inc. grew its stake in PennyMac Mortgage Investment Trust by 3.9% during the 1st quarter. The Stock now has a Weekly Volatility of 2.34% and Monthly Volatility of 1.45%. Goldman Sachs Group Inc. grew its stake in PennyMac Mortgage Investment Trust by 32.2% during the 1st quarter.

Wall Street analysts have a consensus 2.70 recommendation on the stock. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of AG Mortgage Investment Trust by 21.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,209,057 shares of the real estate investment trust's stock worth $22,114,000 after buying an additional 204,191 shares during the last quarter.



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