EMG Holdings L.P. Buys 3,581 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

EMG Holdings L.P. boosted its position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,846 shares of the real estate investment trust’s stock after acquiring an additional 3,581 shares during the period. AG Mortgage Investment Trust accounts for about 0.0% of EMG Holdings L.P.’s investment portfolio, making the stock its 24th largest position. EMG Holdings L.P. owned about 0.24% of AG Mortgage Investment Trust worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MITT. National Bank of Canada FI raised its stake in AG Mortgage Investment Trust by 66.7% during the 1st quarter. National Bank of Canada FI now owns 5,000 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,000 shares during the period. FMR LLC grew its stake in AG Mortgage Investment Trust by 175.1% during the first quarter. FMR LLC now owns 6,633 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 4,222 shares in the last quarter. Engineers Gate Manager LP purchased a new position in AG Mortgage Investment Trust during the third quarter valued at $43,000. CI Private Wealth LLC bought a new stake in AG Mortgage Investment Trust in the 4th quarter valued at $74,000. Finally, UBS Group AG lifted its stake in AG Mortgage Investment Trust by 182.4% in the 4th quarter. UBS Group AG now owns 18,354 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 11,854 shares in the last quarter. Institutional investors own 33.26% of the company’s stock.

AG Mortgage Investment Trust Stock Down 0.9 %

MITT traded down $0.06 on Thursday, hitting $6.46. The company had a trading volume of 11,522 shares, compared to its average volume of 111,800. The business’s fifty day simple moving average is $6.43 and its 200 day simple moving average is $5.95. AG Mortgage Investment Trust, Inc. has a 12-month low of $3.52 and a 12-month high of $7.05. The company has a market cap of $130.62 million, a PE ratio of 11.85 and a beta of 1.88.

AG Mortgage Investment Trust (NYSE:MITT) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). AG Mortgage Investment Trust had a return on equity of 8.75% and a net margin of 13.01%. The company had revenue of $60.79 million during the quarter.

AG Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.72 annualized dividend and a dividend yield of 11.15%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 130.91%.

Analyst Upgrades and Downgrades

MITT has been the subject of a number of research analyst reports. Jonestrading restated a “buy” rating and set a $8.00 price objective on shares of AG Mortgage Investment Trust in a research report on Tuesday, August 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 price objective on shares of AG Mortgage Investment Trust in a research note on Friday, July 21st. Finally, StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, AG Mortgage Investment Trust has a consensus rating of “Hold” and a consensus target price of $7.13.

About AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities.