Acadian Asset Management LLC boosted its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 348.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,466 shares of the real estate investment trust’s stock after buying an additional 39,210 shares during the period. Acadian Asset Management LLC’s holdings in AG Mortgage Investment Trust were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $105,000. Creative Planning raised its stake in AG Mortgage Investment Trust by 104.4% in the second quarter. Creative Planning now owns 5,858 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,992 shares in the last quarter. Hancock Holding Co. purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $186,000. Teza Capital Management LLC purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $197,000. Finally, Comerica Bank purchased a new stake in AG Mortgage Investment Trust during the first quarter valued at about $232,000. Institutional investors and hedge funds own 66.66% of the company’s stock.

Shares of AG Mortgage Investment Trust, Inc. (NYSE MITT) traded down 0.41% during trading on Friday, reaching $19.30. 109,530 shares of the company traded hands. The stock has a market capitalization of $536.64 million, a PE ratio of 5.95 and a beta of 0.94. The firm’s 50-day moving average is $18.53 and its 200-day moving average is $18.24. AG Mortgage Investment Trust, Inc. has a 12-month low of $14.61 and a 12-month high of $19.56.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, June 19th were paid a $0.475 dividend. 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 9.80%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 58.82%.

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Several analysts recently issued reports on the stock. BidaskClub upgraded shares of AG Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group reiterated a “hold” rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research report on Thursday. Wunderlich increased their price target on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a research report on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 price target on shares of AG Mortgage Investment Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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