AlphaCore Capital LLC Makes New Investment in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

AlphaCore Capital LLC purchased a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $77,000.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of AG Mortgage Investment Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 4,036 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in AG Mortgage Investment Trust by 53.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,891 shares of the real estate investment trust’s stock valued at $1,223,000 after acquiring an additional 57,042 shares during the period. Curi RMB Capital LLC bought a new position in AG Mortgage Investment Trust during the 3rd quarter worth approximately $105,000. Wolverine Asset Management LLC increased its stake in AG Mortgage Investment Trust by 189.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 121,771 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in AG Mortgage Investment Trust by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 3,546 shares during the last quarter. 27.32% of the stock is currently owned by institutional investors.

AG Mortgage Investment Trust Stock Performance

MITT opened at $6.71 on Friday. The stock has a market capitalization of $198.01 million, a PE ratio of 2.94 and a beta of 2.04. The stock’s 50 day moving average price is $7.30 and its 200-day moving average price is $7.10. AG Mortgage Investment Trust, Inc. has a 52-week low of $5.09 and a 52-week high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 11.33%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

MITT has been the topic of several recent analyst reports. StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Piper Sandler started coverage on shares of AG Mortgage Investment Trust in a report on Friday, July 26th. They issued an “overweight” rating and a $9.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.00.

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.