Nisa Investment Advisors LLC Has $48,000 Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Nisa Investment Advisors LLC decreased its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 20.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,352 shares of the real estate investment trust’s stock after selling 1,650 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AG Mortgage Investment Trust were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at approximately $751,000. Prudential Financial Inc. raised its holdings in AG Mortgage Investment Trust by 509.1% in the 4th quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 76,100 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of AG Mortgage Investment Trust during the 4th quarter valued at $186,000. Northern Trust Corp grew its holdings in shares of AG Mortgage Investment Trust by 10.2% during the 4th quarter. Northern Trust Corp now owns 278,109 shares of the real estate investment trust’s stock worth $1,849,000 after purchasing an additional 25,736 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of AG Mortgage Investment Trust during the 4th quarter worth $159,000. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Trading Down 0.8%

MITT opened at $7.63 on Friday. The company has a market cap of $226.46 million, a P/E ratio of 8.57 and a beta of 1.55. The company’s 50 day moving average is $7.41 and its 200-day moving average is $7.06. AG Mortgage Investment Trust, Inc. has a 1-year low of $5.63 and a 1-year high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The company 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 10.98% and a return on equity of 11.86%. On average, equities analysts forecast that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current year.

AG Mortgage Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 11.01%. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.20. AG Mortgage Investment Trust’s payout ratio is currently 94.38%.

Analyst Ratings Changes

MITT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of AG Mortgage Investment Trust from $8.25 to $8.50 and gave the stock a “market perform” rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. 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 boosted their price objective on shares of AG Mortgage Investment Trust from $8.00 to $8.75 and gave the company a “buy” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

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 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.