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Ag Mortgage Investment Trust (MITT) [hlAlert]

down 26.68 %

Ag Mortgage Investment Trust (MITT) rated Outperform by Wells Fargo

Posted on: Friday,  Nov 16, 2012  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Ag Mortgage Investment Trust (NYSE: MITT) on 11/16/2012, when the stock price was $22.67.
Since then, Ag Mortgage Investment Trust has lost 26.69% as of 01/05/2016's recent price of $16.62.
If you would have followed this Wells Fargo's recommendation on MITT, you would have lost 26.68% of your investment in 1145 days.

Alexander Mortgage REIT, Inc. is formed to invest in, acquire and manage a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The Company is focused to be a real estate investment trust (REIT). The Company will be externally managed by AG REIT Management, L.P. (Manager), a subsidiary of Angelo, Gordon & Co., L.P. The Company?s portfolio will focus on non-Agency RMBS. Its non-Agency RMBS investments will include fixed- and floating-rate securities, including investment grade and non investment grade. Initially, the Company focuses to invest from the offering in Agency RMBS. The Company?s Agency RMBS investments are focused to include mortgage pass-through securities and may include collateralized mortgage obligations (CMOs). The Company focuses to invest in CMBS and asset-backed securities (ABS).

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2012 8:25 AM Buy
as of 12/31/2012
1 Week down  -0.17 %
1 Month down  -4.66 %
3 Months up  3.57 %
1 YTD up  3.57 %

(*) Stock Price at the time of the recommendation.
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