Deutsche Bank Starts AG Mortgage Investment Trust (MITT) at Buy; Expect Attractive Opportunities in Agency and Non-Agency Markets

Deutsche Bank initiates coverage on AG Mortgage Investment Trust (NYSE: MITT) with a Buy. PT $21.50.

Deutsche analyst says, "We expect AG Mortgage to take advantage of attractive investment opportunities in non-agency RMBS caused by the recent market dislocations as well as to benefit from the low financing cost, slow prepayment, steep yield curve environment for the agency RMBS portfolio. Given our portfolio assumptions, we expect AG Mortgage to generate portfolio ROEs of 16-18% and net ROEs of 14%."

For more ratings news on AG Mortgage Investment Trust click here and for the rating history of AG Mortgage Investment Trust click here.

Shares of AG Mortgage Investment Trust closed at $18.56 yesterday.

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