AG Mortgage Investment Trust, Inc. (MITT) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,847 shares of the real estate investment trust’s stock after selling 6,500 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of AG Mortgage Investment Trust worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of AG Mortgage Investment Trust in the 2nd quarter valued at $197,000. Vanguard Group Inc. increased its holdings in shares of AG Mortgage Investment Trust by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 2,292,023 shares of the real estate investment trust’s stock valued at $41,370,000 after acquiring an additional 67,474 shares during the period. Alliancebernstein L.P. increased its holdings in shares of AG Mortgage Investment Trust by 5.3% in the 2nd quarter. Alliancebernstein L.P. now owns 127,688 shares of the real estate investment trust’s stock valued at $2,337,000 after acquiring an additional 6,450 shares during the period. Principal Financial Group Inc. acquired a new position in shares of AG Mortgage Investment Trust in the 2nd quarter valued at $590,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of AG Mortgage Investment Trust by 324.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 196,764 shares of the real estate investment trust’s stock valued at $3,601,000 after acquiring an additional 150,410 shares during the period. 64.40% of the stock is currently owned by institutional investors.

Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) traded up $0.03 on Wednesday, reaching $19.30. 106,600 shares of the company’s stock traded hands, compared to its average volume of 159,610. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03. The firm has a market cap of $544.12, a PE ratio of 9.87 and a beta of 0.91. AG Mortgage Investment Trust, Inc. has a 12 month low of $16.50 and a 12 month high of $19.72.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.21%. AG Mortgage Investment Trust’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a $0.475 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.90 annualized dividend and a yield of 9.84%. AG Mortgage Investment Trust’s dividend payout ratio is currently 66.20%.

A number of equities analysts have recently commented on MITT shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a report on Thursday, August 10th. BidaskClub cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. AG Mortgage Investment Trust currently has an average rating of “Hold” and an average target price of $18.17.

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About AG Mortgage Investment Trust

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

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