AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 472,062 shares of the real estate investment trust's stock after selling 141,500 shares during the period. Renaissance Technologies LLC owned about 1.60% of AG Mortgage Investment Trust worth $3,139,000 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 the business. Geode Capital Management LLC increased its stake in shares of AG Mortgage Investment Trust by 5.8% in the third quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust's stock worth $4,980,000 after purchasing an additional 36,081 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of AG Mortgage Investment Trust by 509.1% in the fourth quarter. Prudential Financial Inc. now owns 91,047 shares of the real estate investment trust's stock worth $605,000 after purchasing an additional 76,100 shares in the last quarter. Barclays PLC increased its stake in shares of AG Mortgage Investment Trust by 54.7% in the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 17,243 shares in the last quarter. State Street Corp increased its stake in shares of AG Mortgage Investment Trust by 2.2% in the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust's stock worth $2,655,000 after purchasing an additional 7,587 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of AG Mortgage Investment Trust in the third quarter worth $94,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Stock Up 1.0 %

NYSE:MITT traded up $0.07 during midday trading on Tuesday, hitting $6.51. The stock had a trading volume of 75,327 shares, compared to its average volume of 241,252. AG Mortgage Investment Trust, Inc. has a one year low of $5.52 and a one year high of $7.95. The company has a market capitalization of $192.93 million, a price-to-earnings ratio of 2.84 and a beta of 1.46. The stock has a 50-day moving average of $7.01 and a 200 day moving average of $6.95.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last announced its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $22.00 million for the quarter, compared to the consensus estimate of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.30%. The ex-dividend date is Monday, March 31st. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's dividend payout ratio is currently 65.04%.

Wall Street Analysts Forecast Growth

MITT has been the subject of several research analyst reports. Jones Trading cut their target price on shares of AG Mortgage Investment Trust from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, AG Mortgage Investment Trust has a consensus rating of "Moderate Buy" and a consensus 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.