Ameriprise Financial Inc. boosted its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 19.1% during the 3rd quarter, according to the company in its most recent filing 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 0.26% of AG Mortgage Investment Trust worth $1,402,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of AG Mortgage Investment Trust during the 3rd quarter worth approximately $117,000. BNP Paribas Arbitrage SA lifted its position in shares of AG Mortgage Investment Trust by 59.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 2,596 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of AG Mortgage Investment Trust during the 2nd quarter worth approximately $197,000. Arrowstreet Capital Limited Partnership bought a new position in shares of AG Mortgage Investment Trust during the 2nd quarter worth approximately $220,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of AG Mortgage Investment Trust during the 2nd quarter worth approximately $234,000. 65.95% of the stock is currently owned by institutional investors and hedge funds.
AG Mortgage Investment Trust, Inc. (MITT) traded down $0.18 during trading hours on Thursday, hitting $17.26. 237,429 shares of the company were exchanged, compared to its average volume of 168,024. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $502.67, a PE ratio of 6.03 and a beta of 0.91. AG Mortgage Investment Trust, Inc. has a 52 week low of $17.17 and a 52 week high of $19.95.
AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. AG Mortgage Investment Trust’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a $0.475 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 11.01%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 66.43%.
Separately, BidaskClub cut 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 given a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.17.
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AG Mortgage Investment Trust Profile
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.
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