UPDATE: Deutsche Bank Lowers PT on AG Mortgage Investment Trust on Soft 4Q Results
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
|Jan 2016||Wells Fargo||Downgrades||Outperform||Market Perform|
|Nov 2015||Deutsche Bank||Maintains||Buy|
|Aug 2015||Keefe Bruyette & Woods||Maintains||Market Perform|
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