Stock Rating Upgrade
The Value Trend Rating for AG Mortgage Investment Trust Inc (NYSE: MITT) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
AG Mortgage Investment Trust Inc (NYSE: MITT) stock closed at $6.07 on 3/1/24 after a slight decline of -0.2%. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
MITT's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
AG Mortgage Investment Trust has a current Value Trend Rating of B (Positive). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. AG Mortgage Investment Trust has a neutral Power Rating of 50 but a very high Appreciation Score of 94, and the Positive Value Trend Rating results.