AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 195,367 shares of the real estate investment trust’s stock after acquiring an additional 9,370 shares during the period. Wolverine Asset Management LLC’s holdings in AG Mortgage Investment Trust were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in 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 during the period. Barclays PLC boosted its holdings in shares of AG Mortgage Investment Trust by 54.7% during the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust’s stock valued at $366,000 after acquiring an additional 17,243 shares during the period. State Street Corp boosted its holdings in shares of AG Mortgage Investment Trust by 2.2% during the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock valued at $2,655,000 after acquiring an additional 7,587 shares during the period. Jane Street Group LLC acquired a new position in shares of AG Mortgage Investment Trust during the third quarter valued at $94,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of AG Mortgage Investment Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock valued at $642,000 after acquiring an additional 4,036 shares during the period. Institutional investors and hedge funds own 27.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MITT. JMP Securities reissued a “market outperform” rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Stock Up 1.0 %

MITT stock opened at $7.40 on Friday. The company has a market capitalization of $218.49 million, a P/E ratio of 3.25 and a beta of 2.00. The company has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $7.05. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $7.95.

AG Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend was Tuesday, December 31st. AG Mortgage Investment Trust’s payout ratio is currently 33.33%.

About AG Mortgage Investment Trust

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.