Nuveen LLC Buys Shares of 51,727 AG Mortgage Investment Trust, Inc. $MITT

Nuveen LLC bought a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 51,727 shares of the real estate investment trust’s stock, valued at approximately $378,000. Nuveen LLC owned 0.17% of AG Mortgage Investment Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MITT. Bailard Inc. acquired a new position in AG Mortgage Investment Trust during the 1st quarter valued at about $553,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AG Mortgage Investment Trust by 20.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 195,532 shares of the real estate investment trust’s stock valued at $1,427,000 after purchasing an additional 33,480 shares during the period. Squarepoint Ops LLC bought a new stake in shares of AG Mortgage Investment Trust during the 4th quarter worth about $186,000. Northern Trust Corp raised its position 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 buying an additional 25,736 shares in the last quarter. Finally, PharVision Advisers LLC bought a new stake in shares of AG Mortgage Investment Trust during the 4th quarter worth about $159,000. 27.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AG Mortgage Investment Trust

In other news, Director Matthew Jozoff purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were acquired at an average price of $7.35 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the director directly owned 79,355 shares of the company’s stock, valued at $583,259.25. The trade was a 5.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

AG Mortgage Investment Trust Price Performance

NYSE MITT opened at $7.79 on Friday. The company’s 50 day simple moving average is $7.56 and its 200 day simple moving average is $7.24. AG Mortgage Investment Trust, Inc. has a 12 month low of $5.63 and a 12 month high of $7.95. The company has a market capitalization of $247.19 million, a P/E ratio of 9.06 and a beta of 1.67.

AG Mortgage Investment Trust (NYSE:MITT) last released its earnings results on Friday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). AG Mortgage Investment Trust had a return on equity of 13.21% and a net margin of 10.70%.The business had revenue of $21.30 million during the quarter, compared to the consensus estimate of $21.04 million. On average, analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Monday, June 30th. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.20. AG Mortgage Investment Trust’s payout ratio is presently 97.67%.

Wall Street Analysts Forecast Growth

MITT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target 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 cut AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Jones Trading reissued a “buy” rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Friday, August 1st. UBS Group boosted their target price on AG Mortgage Investment Trust from $8.75 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Piper Sandler set a $8.50 target price on AG Mortgage Investment Trust and gave the stock an “overweight” rating in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, AG Mortgage Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $8.50.

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.