Ameriprise Financial Inc. Acquires 11,690 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Ameriprise Financial Inc. boosted its holdings in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,780 shares of the real estate investment trust’s stock after acquiring an additional 11,690 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.26% of AG Mortgage Investment Trust worth $1,402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of AG Mortgage Investment Trust in the third quarter valued at approximately $117,000. Bank of New York Mellon Corp raised its position in shares of AG Mortgage Investment Trust by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 134,191 shares of the real estate investment trust’s stock valued at $2,582,000 after purchasing an additional 3,979 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of AG Mortgage Investment Trust by 21.7% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 78,007 shares of the real estate investment trust’s stock valued at $1,501,000 after purchasing an additional 13,900 shares during the period. Chicago Equity Partners LLC bought a new position in shares of AG Mortgage Investment Trust in the third quarter valued at approximately $1,638,000. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of AG Mortgage Investment Trust in the third quarter valued at approximately $253,000. 65.74% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. AG Mortgage Investment Trust has an average rating of “Hold” and an average price target of $18.17.

AG Mortgage Investment Trust, Inc. (MITT) opened at $18.29 on Wednesday. AG Mortgage Investment Trust, Inc. has a 52-week low of $17.05 and a 52-week high of $19.95. The stock has a market cap of $515.64, a price-to-earnings ratio of 6.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

AG Mortgage Investment Trust (NYSE:MITT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. The business had revenue of $21.60 million for the quarter, compared to analyst estimates of $21.65 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. AG Mortgage Investment Trust’s revenue was down 1.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Thursday, December 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 66.20%.

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AG Mortgage Investment Trust Profile

Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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