Acadian Asset Management LLC Has $203,000 Position in AG Mortgage Investment Trust Inc (MITT)

Acadian Asset Management LLC decreased its position in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) by 45.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,256 shares of the real estate investment trust’s stock after selling 9,560 shares during the period. Acadian Asset Management LLC’s holdings in AG Mortgage Investment Trust were worth $203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in AG Mortgage Investment Trust during the first quarter worth $105,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in AG Mortgage Investment Trust during the fourth quarter worth $116,000. Two Sigma Investments LP boosted its position in AG Mortgage Investment Trust by 159.8% in the fourth quarter. Two Sigma Investments LP now owns 111,527 shares of the real estate investment trust’s stock worth $1,908,000 after buying an additional 68,594 shares during the period. Menta Capital LLC boosted its position in AG Mortgage Investment Trust by 123.9% in the fourth quarter. Menta Capital LLC now owns 27,580 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 15,260 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in AG Mortgage Investment Trust during the fourth quarter worth $2,639,000. Institutional investors own 62.52% of the company’s stock.

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

Shares of AG Mortgage Investment Trust Inc (NYSE:MITT) opened at 18.63 on Wednesday. AG Mortgage Investment Trust Inc has a one year low of $13.57 and a one year high of $19.38. The company has a market capitalization of $516.14 million, a P/E ratio of 6.66 and a beta of 0.89. The firm has a 50-day moving average of $18.45 and a 200-day moving average of $17.76.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The company had revenue of $19.80 million for the quarter. AG Mortgage Investment Trust had a net margin of 51.19% and a return on equity of 12.65%. Analysts forecast that AG Mortgage Investment Trust Inc will post $1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, March 21st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend was Friday, March 17th. AG Mortgage Investment Trust’s payout ratio is 104.40%.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Wunderlich lifted their target price on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a “hold” rating in a research note on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 target price on shares of AG Mortgage Investment Trust and gave the company a “hold” rating in a research note on Wednesday, May 10th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $18.00 target price on shares of AG Mortgage Investment Trust in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. AG Mortgage Investment Trust presently has an average rating of “Hold” and an average target price of $18.38.

In related news, CFO Brian C. Sigman acquired 5,700 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were acquired at an average cost of $17.69 per share, with a total value of $100,833.00. Following the completion of the acquisition, the chief financial officer now directly owns 30,633 shares in the company, valued at approximately $541,897.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.46% of the company’s stock.

AG Mortgage Investment Trust Company Profile

12 Month Chart for NYSE:MITT

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