Two Sigma Investments LP Sells 119,910 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Two Sigma Investments LP lessened its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,175 shares of the real estate investment trust's stock after selling 119,910 shares during the quarter. Two Sigma Investments LP owned 0.54% of AG Mortgage Investment Trust worth $1,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in AG Mortgage Investment Trust by 98.1% in the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 2,739 shares in the last quarter. Quarry LP grew its stake in AG Mortgage Investment Trust by 158.9% during the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock worth $42,000 after buying an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in 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 valued at $49,000 after buying an additional 2,231 shares during the period. LPL Financial LLC bought a new position in AG Mortgage Investment Trust in the 4th quarter valued at about $70,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of AG Mortgage Investment Trust in the 4th quarter valued at approximately $70,000. 27.32% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust Trading Down 0.4%

NYSE:MITT traded down $0.03 during trading hours on Monday, hitting $7.38. 127,334 shares of the company were exchanged, compared to its average volume of 243,943. The stock has a market capitalization of $219.13 million, a price-to-earnings ratio of 3.24 and a beta of 1.55. AG Mortgage Investment Trust, Inc. has a one year low of $5.63 and a one year high of $7.95. The company has a fifty day simple moving average of $6.70 and a 200 day simple moving average of $6.92.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.67 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. Equities 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 10.83%. AG Mortgage Investment Trust's dividend payout ratio (DPR) is presently 89.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group set a $8.00 price objective on AG Mortgage Investment Trust and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Jones Trading reissued a "buy" rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.20.

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.