Oppenheimer & Co. Inc. cut its holdings in shares of AG Mortgage Investment (NYSE:MITT) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,586 shares of the real estate investment trust’s stock after selling 3,150 shares during the period. Oppenheimer & Co. Inc.’s holdings in AG Mortgage Investment were worth $3,120,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MITT. MetLife Investment Advisors LLC acquired a new stake in AG Mortgage Investment during the 4th quarter worth approximately $273,000. First Trust Advisors LP boosted its position in AG Mortgage Investment by 14.8% during the 4th quarter. First Trust Advisors LP now owns 25,237 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 3,254 shares during the period. Acadian Asset Management LLC acquired a new stake in AG Mortgage Investment during the 4th quarter worth approximately $874,000. Municipal Employees Retirement System of Michigan boosted its position in AG Mortgage Investment by 30.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 46,690 shares of the real estate investment trust’s stock worth $888,000 after buying an additional 10,790 shares during the period. Finally, Wells Fargo & Company MN boosted its position in AG Mortgage Investment by 22.1% during the 3rd quarter. Wells Fargo & Company MN now owns 46,497 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 8,412 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
A number of brokerages have recently issued reports on MITT. ValuEngine downgraded shares of AG Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.25 price target on shares of AG Mortgage Investment in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. AG Mortgage Investment presently has a consensus rating of “Hold” and an average price target of $18.25.
In other news, CFO Brian C. Sigman purchased 7,200 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were purchased at an average price of $17.09 per share, for a total transaction of $123,048.00. Following the transaction, the chief financial officer now owns 38,500 shares of the company’s stock, valued at $657,965. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.27% of the stock is currently owned by insiders.
Shares of NYSE MITT opened at $18.40 on Monday. The company has a market capitalization of $518.90, a PE ratio of 8.89 and a beta of 0.70. AG Mortgage Investment has a 52-week low of $16.31 and a 52-week high of $19.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 1.19.
AG Mortgage Investment (NYSE:MITT) last issued its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.10. The firm had revenue of $24.03 million for the quarter. AG Mortgage Investment had a net margin of 72.51% and a return on equity of 11.95%.
The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, March 29th were given a $0.475 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.33%.
AG Mortgage Investment Company Profile
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.
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