Credit Suisse initiated coverage on AG Mortgage Investment Trust MITT with a Neutral rating and a $26.00 price target.
Credit Suisse noted, "We are initiating on AG Mortgage with a Neutral rating and a $26 target price. While we see MITT as well positioned for the current environment, this is already reflected in the current 7% premium to book value. We see 12% total return potential for MITT over the next 12 months, which warrants a Neutral rating. … MITT currently trades at a 9% premium to our estimate of current book value and yields 12%."
AG Mortgage Investment Trust closed at $26.72 on Monday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in