Stock Rating Upgrade
In the last week the Value Trend Rating for AG Mortgage Investment Trust Inc (NYSE: MITT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/20/24, AG Mortgage Investment Trust Inc (NYSE: MITT) stock declined modestly by -1.3%, closing at $6.88. However, trading volume in this decline was exceptionally low at 37% of normal. The stock has performed in line with the market over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MITT is expected to continue to be an important Value Builder.
AG Mortgage Investment Trust has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. AG Mortgage Investment Trust has a neutral Power Rating of 53 but a good Appreciation Score of 70, producing the Positive Value Trend Rating.
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