Two Sigma Investments LP lowered its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 42.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 160,175 shares of the real estate investment trust's stock after selling 119,910 shares during the period. Two Sigma Investments LP owned 0.54% of AG Mortgage Investment Trust worth $1,065,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in 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 worth $305,000 after purchasing an additional 2,047 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in AG Mortgage Investment Trust by 43.0% during 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 buying an additional 2,231 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 2,739 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of AG Mortgage Investment Trust by 28.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,084 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 3,827 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of AG Mortgage Investment Trust by 158.9% in the 4th quarter. Quarry LP now owns 6,377 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 3,914 shares during the last quarter. Institutional investors own 27.32% of the company's stock.
AG Mortgage Investment Trust Stock Performance
Shares of AG Mortgage Investment Trust stock traded up $0.09 on Friday, reaching $7.42. 147,559 shares of the company were exchanged, compared to its average volume of 244,411. The firm has a market cap of $220.20 million, a price-to-earnings ratio of 3.25 and a beta of 1.55. AG Mortgage Investment Trust, Inc. has a 1-year low of $5.63 and a 1-year high of $7.95. The company's 50-day moving average is $6.70 and its two-hundred day moving average is $6.92.
AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.67 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date was Monday, March 31st. This is a boost from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's dividend payout ratio (DPR) is 89.89%.
Analysts Set New Price Targets
MITT has been the topic of several research reports. Wall Street Zen raised AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Jones Trading reiterated 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. Finally, UBS Group set a $8.00 target price on shares of AG Mortgage Investment Trust and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.20.
Read Our Latest Report on MITT
AG Mortgage Investment Trust Profile
(
Free Report)
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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