Renaissance Technologies LLC Acquires 143,799 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Renaissance Technologies LLC raised its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 34.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 559,462 shares of the real estate investment trust’s stock after buying an additional 143,799 shares during the period. Renaissance Technologies LLC owned about 1.90% of AG Mortgage Investment Trust worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. LSV Asset Management bought a new stake in AG Mortgage Investment Trust during the second quarter worth $1,110,000. Janney Montgomery Scott LLC bought a new stake in shares of AG Mortgage Investment Trust in the 1st quarter worth $704,000. Bank of New York Mellon Corp raised its holdings in shares of AG Mortgage Investment Trust by 105.4% in the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 84,037 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of AG Mortgage Investment Trust during the second quarter valued at about $291,000. Finally, Rhumbline Advisers boosted its holdings in AG Mortgage Investment Trust by 5,557.2% during the second quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 39,067 shares during the last quarter. 27.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MITT has been the topic of a number of research analyst reports. StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Piper Sandler began coverage on shares of AG Mortgage Investment Trust in a research report on Friday, July 26th. They set an “overweight” rating and a $9.00 target price for the company. JMP Securities upped their price objective on AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $7.50 target price on shares of AG Mortgage Investment Trust in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

AG Mortgage Investment Trust Stock Up 0.5 %

Shares of NYSE MITT opened at $7.79 on Monday. The firm has a market capitalization of $229.60 million, a P/E ratio of 4.48 and a beta of 2.05. The stock’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $6.75. AG Mortgage Investment Trust, Inc. has a twelve month low of $4.82 and a twelve month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $99.82 million for the quarter, compared to analysts’ expectations of $17.00 million. AG Mortgage Investment Trust had a net margin of 17.20% and a return on equity of 9.44%. During the same quarter last year, the business posted $0.08 EPS. As a group, research analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.82 EPS for the current fiscal year.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.76%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 43.68%.

AG Mortgage Investment Trust Profile

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.