Intech Investment Management LLC Buys Shares of 13,170 AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Intech Investment Management LLC purchased a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 13,170 shares of the real estate investment trust’s stock, valued at approximately $88,000.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in AG Mortgage Investment Trust by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock worth $4,980,000 after acquiring an additional 36,081 shares in the last quarter. State Street Corp lifted its position in shares of AG Mortgage Investment Trust by 2.2% in the 3rd 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 during the period. Wolverine Asset Management LLC boosted its stake in shares of AG Mortgage Investment Trust by 5.0% during the fourth quarter. Wolverine Asset Management LLC now owns 195,367 shares of the real estate investment trust’s stock valued at $1,299,000 after purchasing an additional 9,370 shares in the last quarter. Raymond James Financial Inc. purchased a new position in AG Mortgage Investment Trust during the fourth quarter valued at approximately $751,000. Finally, Charles Schwab Investment Management Inc. raised its stake in AG Mortgage Investment Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 4,036 shares in the last quarter. Hedge funds and other institutional investors own 27.32% of the company’s stock.

Analysts Set New Price Targets

MITT has been the topic of a number of analyst reports. Jones Trading lifted their price target on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the company a “buy” rating in a report on Monday, March 3rd. JMP Securities reiterated a “market outperform” rating and issued a $8.50 target price on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.30.

AG Mortgage Investment Trust Trading Down 2.2 %

Shares of MITT opened at $7.48 on Friday. The firm has a market cap of $221.70 million, a PE ratio of 3.28 and a beta of 2.05. AG Mortgage Investment Trust, Inc. has a 12 month low of $5.44 and a 12 month high of $7.95. The stock has a fifty day moving average price of $7.22 and a 200-day moving average price of $7.14.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. The business had revenue of $22.00 million during the quarter, compared to analysts’ expectations of $18.44 million. As a group, research analysts forecast that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current year.

AG Mortgage Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 10.70%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 65.04%.

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.