Bailard Inc. Takes Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Bailard Inc. bought a new position in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 75,800 shares of the real estate investment trust's stock, valued at approximately $553,000. Bailard Inc. owned about 0.26% of AG Mortgage Investment Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of AG Mortgage Investment Trust by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,790 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 2,047 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of AG Mortgage Investment Trust by 43.0% in 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 last quarter. Russell Investments Group Ltd. increased its position in shares of 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 purchasing an additional 2,739 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of AG Mortgage Investment Trust by 28.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,084 shares of the real estate investment trust's stock worth $114,000 after purchasing an additional 3,827 shares during the last quarter. Finally, Quarry LP increased its position in shares of 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 purchasing an additional 3,914 shares during the last quarter. 27.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group raised their price objective on AG Mortgage Investment Trust from $8.00 to $8.75 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Jones Trading reissued a "buy" rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research report on Tuesday, May 6th. Wall Street Zen downgraded AG Mortgage Investment Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, Keefe, Bruyette & Woods raised their price objective on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, AG Mortgage Investment Trust has a consensus rating of "Moderate Buy" and an average price target of $8.55.

AG Mortgage Investment Trust Trading Down 0.8%

AG Mortgage Investment Trust stock traded down $0.06 during midday trading on Friday, reaching $7.63. 110,673 shares of the stock traded hands, compared to its average volume of 224,695. The company has a 50-day simple moving average of $7.41 and a two-hundred day simple moving average of $7.06. AG Mortgage Investment Trust, Inc. has a 12-month low of $5.63 and a 12-month high of $7.95. The firm has a market cap of $226.46 million, a PE ratio of 8.57 and a beta of 1.55.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a net margin of 10.98% and a return on equity of 11.86%. The firm had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.67 million. Equities research 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.01%. This is a boost from AG Mortgage Investment Trust's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 30th. AG Mortgage Investment Trust's dividend payout ratio (DPR) is 94.38%.

AG Mortgage Investment Trust 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.