Acadian Asset Management LLC Has $2.09 Million Position in AG Mortgage Investment Trust, Inc. $MITT

Acadian Asset Management LLC increased its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 65.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 286,304 shares of the real estate investment trust's stock after buying an additional 113,564 shares during the quarter. Acadian Asset Management LLC owned 0.96% of AG Mortgage Investment Trust worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. acquired a new stake in AG Mortgage Investment Trust during the 4th quarter valued at approximately $70,000. BNP Paribas Financial Markets acquired a new stake in AG Mortgage Investment Trust during the 4th quarter valued at approximately $75,000. AlphaQuest LLC acquired a new stake in AG Mortgage Investment Trust during the 1st quarter valued at approximately $168,000. PharVision Advisers LLC acquired a new stake in AG Mortgage Investment Trust during the 4th quarter valued at approximately $159,000. Finally, Squarepoint Ops LLC acquired a new stake in AG Mortgage Investment Trust during the 4th quarter valued at approximately $186,000. Institutional investors and hedge funds own 27.32% of the company's stock.

AG Mortgage Investment Trust Stock Performance

Shares of MITT opened at $7.79 on Wednesday. The business has a 50-day moving average of $7.56 and a 200 day moving average of $7.26. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $7.95. The firm has a market cap of $247.18 million, a P/E ratio of 9.06 and a beta of 1.67.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate 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 company had revenue of $21.30 million during the quarter, compared to the consensus estimate of $21.04 million. As a group, research analysts predict that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Tuesday, September 30th. AG Mortgage Investment Trust's dividend payout ratio (DPR) is 97.67%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jones Trading reissued a "buy" rating and set a $8.00 target price on shares of AG Mortgage Investment Trust in a research report on Friday, August 1st. Keefe, Bruyette & Woods increased their target price on shares of AG Mortgage Investment Trust from $8.25 to $8.50 and gave the company 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. UBS Group increased their price target 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. Finally, Piper Sandler set a $8.50 price target on AG Mortgage Investment Trust and gave the stock an "overweight" rating in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, AG Mortgage Investment Trust has an average rating of "Moderate Buy" and an average price target of $8.50.

Insiders Place Their Bets

In other news, Director Matthew Jozoff bought 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was bought at an average price of $7.35 per share, for a total transaction of $29,400.00. Following the transaction, the director directly owned 79,355 shares of the company's stock, valued at $583,259.25. This represents a 5.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by insiders.

About AG Mortgage Investment Trust

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.

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