Cary Street Partners Financial LLC Makes New $83,000 Investment in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Cary Street Partners Financial LLC bought a new stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,500 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MITT. Russell Investments Group Ltd. boosted its stake in shares of AG Mortgage Investment Trust by 98.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,532 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,739 shares during the period. Quarry LP lifted its stake in AG Mortgage Investment Trust by 158.9% in the fourth quarter. Quarry LP now owns 6,377 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 3,914 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of AG Mortgage Investment Trust by 43.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,421 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 2,231 shares during the period. LPL Financial LLC bought a new position in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $70,000. Finally, BNP Paribas Financial Markets bought a new position in shares of AG Mortgage Investment Trust during the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jones Trading reissued a “buy” rating and set a $8.00 price target on shares of AG Mortgage Investment Trust in a research note on Tuesday, May 6th. JMP Securities reiterated a “market outperform” rating and set a $8.50 target price on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.25.

AG Mortgage Investment Trust Stock Performance

Shares of NYSE:MITT opened at $6.83 on Monday. The firm’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $6.90. AG Mortgage Investment Trust, Inc. has a one year low of $5.63 and a one year high of $7.95. The firm has a market cap of $202.69 million, a PE ratio of 3.00 and a beta of 1.48.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $20.00 million for the quarter, compared to analysts’ expectations of $18.67 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. Equities research analysts predict that AG Mortgage Investment Trust, Inc. will post 0.78 EPS for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This is an increase from AG Mortgage Investment Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 11.71%. The ex-dividend date was Monday, March 31st. AG Mortgage Investment Trust’s payout ratio is presently 89.89%.

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 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.