Wedbush Securities Inc. decreased its position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 54,813 shares of the real estate investment trust’s stock after selling 460 shares during the period. Wedbush Securities Inc.’s holdings in AG Mortgage Investment Trust were worth $1,003,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in AG Mortgage Investment Trust by 6.9% in the fourth quarter. State Street Corp now owns 630,686 shares of the real estate investment trust’s stock valued at $10,786,000 after buying an additional 40,932 shares during the period. Renaissance Technologies LLC bought a new stake in AG Mortgage Investment Trust during the fourth quarter valued at approximately $2,639,000. Nisa Investment Advisors LLC bought a new stake in AG Mortgage Investment Trust during the first quarter valued at approximately $105,000. KAMES CAPITAL plc bought a new stake in AG Mortgage Investment Trust during the first quarter valued at approximately $472,000. Finally, BB&T Corp raised its stake in AG Mortgage Investment Trust by 0.7% in the first quarter. BB&T Corp now owns 15,100 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 66.66% of the company’s stock.

AG Mortgage Investment Trust, Inc. (NYSE MITT) opened at 19.34 on Friday. AG Mortgage Investment Trust, Inc. has a one year low of $14.61 and a one year high of $19.56. The company has a 50-day moving average of $18.55 and a 200 day moving average of $18.25. The company has a market cap of $538.19 million, a P/E ratio of 5.97 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $31.22 million during the quarter, compared to analysts’ expectations of $21.76 million. AG Mortgage Investment Trust had a net margin of 85.21% and a return on equity of 12.07%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Analysts anticipate that AG Mortgage Investment Trust, Inc. will post $1.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, June 19th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.82%. AG Mortgage Investment Trust’s dividend payout ratio is currently 58.82%.

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MITT has been the subject of several analyst reports. Zacks Investment Research lowered AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Credit Suisse Group restated a “hold” rating and issued a $18.00 price objective on shares of AG Mortgage Investment Trust in a research note on Friday, May 5th. Wunderlich upped their price objective on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a research note on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 price objective on AG Mortgage Investment Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Finally, ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. AG Mortgage Investment Trust presently has an average rating of “Hold” and an average price target of $18.38.

AG Mortgage Investment Trust Company Profile

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Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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