Nisa Investment Advisors LLC Has $64,000 Stock Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Nisa Investment Advisors LLC boosted its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 37.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,069 shares of the real estate investment trust’s stock after purchasing an additional 2,718 shares during the period. Nisa Investment Advisors LLC’s holdings in AG Mortgage Investment Trust were worth $64,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Beach Point Capital Management LP lifted its stake in AG Mortgage Investment Trust by 68.0% in the 4th quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock valued at $3,653,000 after purchasing an additional 232,895 shares during the last quarter. GSA Capital Partners LLP lifted its stake in AG Mortgage Investment Trust by 6.5% in the 3rd quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 9,092 shares during the last quarter. Allworth Financial LP acquired a new stake in AG Mortgage Investment Trust in the 4th quarter valued at about $87,000. Barclays PLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at about $126,000. 27.32% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust Stock Up 1.1 %

Shares of MITT stock opened at $5.56 on Monday. The firm has a 50 day moving average price of $5.95 and a two-hundred day moving average price of $5.81. The company has a market capitalization of $163.74 million, a PE ratio of 3.54 and a beta of 1.98. AG Mortgage Investment Trust, Inc. has a 12-month low of $4.82 and a 12-month high of $6.89.

AG Mortgage Investment Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.05. This represents a $0.72 annualized dividend and a yield of 12.95%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 45.86%.

Insiders Place Their Bets

In other AG Mortgage Investment Trust news, CEO Thomas Durkin purchased 50,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the transaction, the chief executive officer now owns 372,832 shares in the company, valued at $2,281,731.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MITT shares. JMP Securities reiterated a “market outperform” rating and issued a $7.00 target price on shares of AG Mortgage Investment Trust in a research note on Thursday. Keefe, Bruyette & Woods raised their price objective on shares of AG Mortgage Investment Trust from $6.75 to $7.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.25.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.