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UPDATE: Deutsche Bank Lowers PT on AG Mortgage Investment Trust on Soft 4Q Results

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In a report published Wednesday, Deutsche Bank reiterated its Buy rating on AG Mortgage Investment Trust (NYSE: MITT), but slightly lowered its price target from $27.50 to $27.00.

Deutsche Bank noted, “We view MITT's 4Q results as a little soft, as core EPS was 8c below our estimate and BVPS was down 1% seq. While we are reducing our '13 estimates to reflect narrower net interest spreads due to a larger swap book, we expect core EPS to increase in '13 from an increased mix of non-agency MBS and slower agency prepay speeds.”

AG Mortgage Investment Trust closed on Tuesday at $26.54.

Latest Ratings for MITT

Aug 2014Keefe Bruyette & WoodsMaintainsOutperform
Aug 2014Deutsche BankMaintainsBuy
May 2014WunderlichMaintainsBuy

View More Analyst Ratings for MITT
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


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