Bailard Inc. Purchases New Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Bailard Inc. purchased a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 75,800 shares of the real estate investment trust's stock, valued at approximately $553,000. Bailard Inc. owned approximately 0.26% of AG Mortgage Investment Trust as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its holdings 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 valued at $1,849,000 after purchasing an additional 25,736 shares during the last quarter. 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. increased its holdings in shares of AG Mortgage Investment Trust by 509.1% in the fourth quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust's stock valued at $605,000 after purchasing an additional 76,100 shares during the last quarter. Barclays PLC increased its holdings in shares of AG Mortgage Investment Trust by 8.7% in the fourth quarter. Barclays PLC now owns 53,011 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of AG Mortgage Investment Trust by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,790 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 2,047 shares during the last quarter. 27.32% of the stock is currently owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Trading Up 0.1%

MITT traded up $0.01 on Wednesday, hitting $7.79. 181,741 shares of the company were exchanged, compared to its average volume of 223,890. The company has a market cap of $231.03 million, a price-to-earnings ratio of 8.75 and a beta of 1.55. The firm has a 50-day moving average price of $7.44 and a two-hundred day moving average price of $7.07. AG Mortgage Investment Trust, Inc. has a twelve month low of $5.63 and a twelve month high of $7.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The business had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.67 million. AG Mortgage Investment Trust had a return on equity of 11.86% and a net margin of 10.98%. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.21 dividend. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 10.79%. The ex-dividend date of this dividend is Monday, June 30th. AG Mortgage Investment Trust's payout ratio is presently 94.38%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MITT shares. Jones Trading reissued a "buy" rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods raised their target price on AG Mortgage Investment Trust from $8.25 to $8.50 and gave the stock a "market perform" rating in a research note on Thursday, July 10th. Wall Street Zen cut AG Mortgage Investment Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Finally, UBS Group raised their target price on AG Mortgage Investment Trust from $8.00 to $8.75 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, AG Mortgage Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target 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.