27,966 Shares in AG Mortgage Investment Trust, Inc. (NYSE:MITT) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,966 shares of the real estate investment trust’s stock, valued at approximately $186,000. Squarepoint Ops LLC owned about 0.09% of AG Mortgage Investment Trust at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MITT. Russell Investments Group Ltd. grew its stake in AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,739 shares during the last quarter. Quarry LP boosted its position in AG Mortgage Investment Trust by 158.9% during the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 3,914 shares during the period. Tower Research Capital LLC TRC boosted its position in AG Mortgage Investment Trust by 43.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 2,231 shares during the period. LPL Financial LLC acquired a new position in AG Mortgage Investment Trust during the 4th quarter worth $70,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in AG Mortgage Investment Trust during the 4th quarter worth $70,000. 27.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MITT has been the subject of a number of analyst reports. Wall Street Zen upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Jones Trading reiterated a “buy” rating and set a $8.00 price target on shares of AG Mortgage Investment Trust in a research report on Tuesday, May 6th. Finally, UBS Group set a $8.00 price target on AG Mortgage Investment Trust and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.20.

AG Mortgage Investment Trust Stock Up 1.2%

Shares of AG Mortgage Investment Trust stock opened at $7.42 on Monday. The firm has a market cap of $220.20 million, a price-to-earnings ratio of 3.25 and a beta of 1.55. The business has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $6.92. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.67 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. Analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 10.78%. AG Mortgage Investment Trust’s dividend payout ratio is 89.89%.

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.