Nisa Investment Advisors LLC purchased a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,371 shares of the real estate investment trust’s stock, valued at approximately $50,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in AG Mortgage Investment Trust during the 4th quarter valued at $41,000. Renaissance Technologies LLC increased its stake in AG Mortgage Investment Trust by 143.6% during the 4th quarter. Renaissance Technologies LLC now owns 353,700 shares of the real estate investment trust’s stock valued at $3,625,000 after purchasing an additional 208,500 shares in the last quarter. Mariner Investment Group LLC bought a new stake in shares of AG Mortgage Investment Trust in the 4th quarter worth $124,000. Angelo Gordon & CO. L.P. grew its stake in shares of AG Mortgage Investment Trust by 217.4% in the 4th quarter. Angelo Gordon & CO. L.P. now owns 973,291 shares of the real estate investment trust’s stock worth $9,976,000 after acquiring an additional 666,668 shares in the last quarter. Finally, PVG Asset Management Corp bought a new stake in shares of AG Mortgage Investment Trust in the 4th quarter worth $541,000. Institutional investors own 47.99% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on MITT. TheStreet lowered shares of AG Mortgage Investment Trust from a “c-” rating to a “d” rating in a research note on Friday, May 27th. Credit Suisse Group reduced their target price on shares of AG Mortgage Investment Trust to $8.00 in a research note on Friday, July 22nd. Keefe, Bruyette & Woods lowered shares of AG Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and set a $8.50 target price for the company. in a research note on Monday, July 18th. Finally, StockNews.com lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AG Mortgage Investment Trust presently has an average rating of “Hold” and an average target price of $11.38.
AG Mortgage Investment Trust Stock Performance
AG Mortgage Investment Trust (NYSE:MITT – Get Rating) last issued its quarterly earnings results on Friday, May 6th. The real estate investment trust reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.96). AG Mortgage Investment Trust had a return on equity of 11.30% and a net margin of 52.03%.
AG Mortgage Investment Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend was Wednesday, June 29th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 38.89%.
AG Mortgage Investment Trust Company Profile
AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments.
- Get a free copy of the StockNews.com research report on AG Mortgage Investment Trust (MITT)
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