Two Sigma Advisers LP cut its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,150 shares of the real estate investment trust's stock after selling 94,600 shares during the period. Two Sigma Advisers LP owned 0.39% of AG Mortgage Investment Trust worth $772,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in shares of AG Mortgage Investment Trust by 5.0% in the fourth quarter. Wolverine Asset Management LLC now owns 195,367 shares of the real estate investment trust's stock worth $1,299,000 after acquiring an additional 9,370 shares during the period. Raymond James Financial Inc. purchased a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $751,000. Intech Investment Management LLC purchased a new stake in AG Mortgage Investment Trust during the 4th quarter worth about $88,000. LPL Financial LLC bought a new position in AG Mortgage Investment Trust in the 4th quarter worth about $70,000. Finally, Prudential Financial Inc. grew its holdings in AG Mortgage Investment Trust by 509.1% during the 4th quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust's stock valued at $605,000 after buying an additional 76,100 shares in the last quarter. 27.32% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MITT shares. Wall Street Zen raised shares of AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group set a $8.00 price target on shares of AG Mortgage Investment Trust and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Jones Trading reissued a "buy" rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.20.
Check Out Our Latest Stock Report on MITT
AG Mortgage Investment Trust Trading Up 1.2%
Shares of NYSE:MITT traded up $0.09 during trading on Friday, reaching $7.42. The company had a trading volume of 147,559 shares, compared to its average volume of 243,907. The company has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.92. The stock has a market capitalization of $220.20 million, a P/E ratio of 3.25 and a beta of 1.55. AG Mortgage Investment Trust, Inc. has a 12 month low of $5.63 and a 12 month high of $7.95.
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 (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $20.00 million during the quarter, compared to analysts' expectations 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, equities research analysts predict that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.
AG Mortgage Investment Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 10.78%. AG Mortgage Investment Trust's payout ratio is currently 89.89%.
AG Mortgage Investment Trust Company 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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