Allworth Financial LP Acquires Shares of 13,664 AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Allworth Financial LP acquired a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,664 shares of the real estate investment trust’s stock, valued at approximately $87,000. Allworth Financial LP owned 0.07% of AG Mortgage Investment Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of AG Mortgage Investment Trust in the fourth quarter worth $231,000. Beach Point Capital Management LP grew its position in shares of AG Mortgage Investment Trust by 68.0% in the fourth quarter. Beach Point Capital Management LP now owns 575,199 shares of the real estate investment trust’s stock valued at $3,653,000 after purchasing an additional 232,895 shares in the last quarter. Vanguard Group Inc. grew its position in shares of AG Mortgage Investment Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,017,903 shares of the real estate investment trust’s stock valued at $5,649,000 after purchasing an additional 9,239 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of AG Mortgage Investment Trust by 6.5% in the third quarter. GSA Capital Partners LLP now owns 149,984 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 9,092 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of AG Mortgage Investment Trust in the third quarter valued at $126,000. 27.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AG Mortgage Investment Trust news, CEO Thomas Durkin bought 50,000 shares of AG Mortgage Investment Trust stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the transaction, the chief executive officer now directly owns 372,832 shares in the company, valued at $2,281,731.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by company insiders.

AG Mortgage Investment Trust Stock Down 1.6 %

AG Mortgage Investment Trust stock opened at $5.64 on Friday. AG Mortgage Investment Trust, Inc. has a 52 week low of $4.82 and a 52 week high of $6.89. The business has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $5.80. The stock has a market cap of $166.10 million, a price-to-earnings ratio of 3.59 and a beta of 1.98.

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 12.77%. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, March 27th. AG Mortgage Investment Trust’s payout ratio is presently 45.86%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target on AG Mortgage Investment Trust from $6.75 to $7.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.25.

AG Mortgage Investment Trust Profile

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