Market Overview

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

Related MITT
UPDATE: Credit Suisse Reiterates On AG Mortgage Investment Trust As Risk/Reward Is Still Favorable
Why AG Mortgage Investment Trust (MITT) is Poised to Beat Earnings Estimates (Again) - Tale of the Tape

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

DateFirmActionFromTo
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

 

Related Articles (MITT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters