Two Sigma Advisers LP Reduces Stock Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Two Sigma Advisers LP trimmed its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 44.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.39% of AG Mortgage Investment Trust worth $772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MITT. Russell Investments Group Ltd. increased its position 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 buying an additional 2,739 shares in the last quarter. Quarry LP increased its position in 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 buying an additional 3,914 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 in the last quarter. LPL Financial LLC bought a new stake in AG Mortgage Investment Trust in the 4th quarter valued at about $70,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in AG Mortgage Investment Trust during the 4th quarter worth approximately $70,000. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Price Performance

Shares of NYSE MITT traded down $0.32 during midday trading on Wednesday, reaching $7.23. The company's stock had a trading volume of 182,200 shares, compared to its average volume of 243,725. 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 50 day moving average price of $6.70 and a 200-day moving average price of $6.91. The stock has a market capitalization of $214.56 million, a P/E ratio of 3.17 and a beta of 1.48.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. The business had revenue of $20.00 million during the quarter, compared to analysts' expectations of $18.67 million. On average, equities analysts predict that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's payout ratio is presently 89.89%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen raised AG Mortgage Investment Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. 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. Finally, UBS Group set a $8.00 price objective on AG Mortgage Investment Trust and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.20.

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.