AG Mortgage Investment Trust, Inc. $MITT Stake Trimmed by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,666 shares of the real estate investment trust’s stock after selling 33,069 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.49% of AG Mortgage Investment Trust worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of AG Mortgage Investment Trust by 10.2% in the fourth 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. Jane Street Group LLC grew its position in AG Mortgage Investment Trust by 147.3% during the fourth quarter. Jane Street Group LLC now owns 30,925 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 18,420 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at approximately $75,000. Bank of America Corp DE increased its stake in AG Mortgage Investment Trust by 23.9% in the 4th quarter. Bank of America Corp DE now owns 37,206 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 7,179 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in AG Mortgage Investment Trust in the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Price Performance

Shares of MITT stock opened at $7.81 on Monday. The stock’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $7.26. The firm has a market cap of $247.81 million, a price-to-earnings ratio of 9.08 and a beta of 1.67. AG Mortgage Investment Trust, Inc. has a one year low of $5.63 and a one year high of $7.97.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data 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). The business had revenue of $21.30 million during the quarter, compared to analyst estimates of $21.04 million. AG Mortgage Investment Trust had a return on equity of 13.21% and a net margin of 10.70%. On average, research analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 10.8%. AG Mortgage Investment Trust’s payout ratio is currently 97.67%.

Insider Buying and Selling

In other AG Mortgage Investment Trust news, Director Matthew Jozoff acquired 4,000 shares of AG Mortgage Investment Trust stock in a transaction on Wednesday, August 20th. The shares were bought at an average price of $7.35 per share, with a total value of $29,400.00. Following the completion of the purchase, the director owned 79,355 shares in the company, valued at $583,259.25. This trade represents a 5.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler set a $8.50 price objective on shares of AG Mortgage Investment Trust and gave the company an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods boosted their target price on AG Mortgage Investment Trust from $8.25 to $8.50 and gave the stock a “market perform” rating in a report on Thursday, July 10th. Jones Trading restated a “buy” rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Friday, August 1st. Wall Street Zen lowered AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Finally, 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, September 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.