Alert: Positive Fundamental Signals (6/7/24)-AG Mortgage Investment Trust Inc (NYSE: MITT)

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AG Mortgage Investment Trust Inc (NYSE: MITT). Extremely significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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 A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. AG Mortgage Investment Trust has a good Appreciation Score of 71 and a good Power Rating of 73, triggering the Highest Value Trend Rating.

Recent Price Action

AG Mortgage Investment Trust Inc (NYSE: MITT) stock closed at $6.80 on 6/7/24 after a modest decline of -1.2%. However, below average trading volume at 72% of normal accompanied the decline. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.

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