AG Mortgage Investment Trust, Inc. $MITT Shares Bought by LSV Asset Management

LSV Asset Management lifted its stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 23.6% in the second quarter, Holdings Channel reports. The institutional investor owned 291,580 shares of the real estate investment trust’s stock after buying an additional 55,635 shares during the quarter. LSV Asset Management’s holdings in AG Mortgage Investment Trust were worth $2,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MITT. Cetera Investment Advisers raised its holdings in AG Mortgage Investment Trust by 79.0% in the second quarter. Cetera Investment Advisers now owns 28,909 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 12,758 shares in the last quarter. Bailard Inc. increased its position in shares of AG Mortgage Investment Trust by 8.2% in the 2nd quarter. Bailard Inc. now owns 82,000 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 6,200 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AG Mortgage Investment Trust by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 686,894 shares of the real estate investment trust’s stock worth $5,187,000 after purchasing an additional 26,315 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of AG Mortgage Investment Trust in the 2nd quarter valued at about $1,128,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of AG Mortgage Investment Trust by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 168,478 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Price Performance

Shares of MITT stock opened at $7.67 on Friday. The company has a market cap of $243.45 million, a P/E ratio of 8.25 and a beta of 1.68. The business has a 50 day moving average of $7.47 and a two-hundred day moving average of $7.44. AG Mortgage Investment Trust, Inc. has a 52 week low of $5.63 and a 52 week high of $7.97.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Wednesday, September 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter. AG Mortgage Investment Trust had a return on equity of 13.88% and a net margin of 11.03%.The business had revenue of $11.49 million for the quarter. Analysts expect that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 11.0%. AG Mortgage Investment Trust’s payout ratio is 90.32%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MITT shares. Jones Trading reissued a “buy” rating and issued a $8.50 price objective on shares of AG Mortgage Investment Trust in a report on Tuesday, November 4th. Zacks Research upgraded AG Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of AG Mortgage Investment Trust in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $8.50 price objective on AG Mortgage Investment Trust and gave the stock an “overweight” rating in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.60.

AG Mortgage Investment Trust 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.