AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. raised its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 254.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,238 shares of the real estate investment trust’s stock after buying an additional 87,070 shares during the period. Alliancebernstein L.P. owned 0.44% of AG Mortgage Investment Trust worth $2,188,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its stake in shares of AG Mortgage Investment Trust by 1.8% in the first quarter. LSV Asset Management now owns 919,027 shares of the real estate investment trust’s stock valued at $16,588,000 after buying an additional 16,527 shares during the last quarter. State Street Corp increased its stake in shares of AG Mortgage Investment Trust by 6.9% in the fourth quarter. State Street Corp now owns 630,686 shares of the real estate investment trust’s stock valued at $10,786,000 after buying an additional 40,932 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of AG Mortgage Investment Trust by 7.2% in the first quarter. Prudential Financial Inc. now owns 359,377 shares of the real estate investment trust’s stock valued at $6,487,000 after buying an additional 24,100 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of AG Mortgage Investment Trust by 1.2% in the first quarter. Martingale Asset Management L P now owns 216,574 shares of the real estate investment trust’s stock valued at $3,910,000 after buying an additional 2,600 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $2,639,000. 66.42% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust, Inc. (NYSE:MITT) opened at 18.44 on Monday. The firm’s 50-day moving average price is $18.65 and its 200-day moving average price is $18.00. AG Mortgage Investment Trust, Inc. has a 12-month low of $13.88 and a 12-month high of $19.38. The company has a market cap of $510.88 million, a PE ratio of 6.59 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.04. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. The company had revenue of $19.80 million for the quarter. Equities research analysts forecast that AG Mortgage Investment Trust, Inc. will post $1.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, June 19th will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, June 15th. This represents a $1.90 annualized dividend and a dividend yield of 10.30%. AG Mortgage Investment Trust’s dividend payout ratio is currently 68.10%.

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MITT has been the topic of several research analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of AG Mortgage Investment Trust in a research note on Friday, May 5th. Zacks Investment Research cut AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Wunderlich increased their target price on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a report on Monday, May 8th. Keefe, Bruyette & Woods set a $18.00 target price on AG Mortgage Investment Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.38.

About AG Mortgage Investment Trust

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

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