Raymond James Financial Services Advisors Inc. Purchases Shares of 36,364 AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,364 shares of the real estate investment trust’s stock, valued at approximately $231,000. Raymond James Financial Services Advisors Inc. owned 0.18% of AG Mortgage Investment Trust as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MITT. Beach Point Capital Management LP lifted its position in AG Mortgage Investment Trust by 68.0% during the fourth quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock valued at $3,653,000 after buying an additional 232,895 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of AG Mortgage Investment Trust by 6.5% in the third quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock worth $832,000 after buying an additional 9,092 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of AG Mortgage Investment Trust in the third quarter valued at about $126,000. Denali Advisors LLC purchased a new stake in shares of AG Mortgage Investment Trust during the 3rd quarter valued at about $104,000. Finally, Barclays PLC acquired a new position in AG Mortgage Investment Trust during the 3rd quarter worth approximately $86,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AG Mortgage Investment Trust

In related news, CEO Thomas Durkin acquired 50,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $6.12 per share, with a total value of $306,000.00. Following the acquisition, the chief executive officer now directly owns 372,832 shares in the company, valued at $2,281,731.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by insiders.

AG Mortgage Investment Trust Stock Up 2.0 %

MITT stock opened at $5.68 on Wednesday. The company has a market capitalization of $167.29 million, a PE ratio of 3.62 and a beta of 1.98. The stock’s 50 day moving average is $5.93 and its two-hundred day moving average is $5.81. AG Mortgage Investment Trust, Inc. has a 52-week low of $4.82 and a 52-week high of $6.89.

AG Mortgage Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.05. This represents a $0.72 annualized dividend and a yield of 12.68%. AG Mortgage Investment Trust’s dividend payout ratio is currently 45.86%.

Analysts Set New Price Targets

MITT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a research note on Thursday, February 29th. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price target on shares of AG Mortgage Investment Trust in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.25.

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.