California Public Employees Retirement System Sells 4,900 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

California Public Employees Retirement System cut its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,300 shares of the real estate investment trust’s stock after selling 4,900 shares during the period. California Public Employees Retirement System owned 0.46% of AG Mortgage Investment Trust worth $2,298,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in 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 worth $16,588,000 after buying an additional 16,527 shares during the period. State Street Corp increased its position in 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 period. Prudential Financial Inc. increased its position in 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 period. Martingale Asset Management L P increased its position in 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 period. Finally, Renaissance Technologies LLC bought a new position in AG Mortgage Investment Trust during the fourth quarter valued at $2,639,000. Hedge funds and other institutional investors own 66.55% of the company’s stock.

Shares of AG Mortgage Investment Trust, Inc. (NYSE MITT) traded down 0.21% during midday trading on Wednesday, hitting $19.16. The stock had a trading volume of 141,942 shares. The firm has a 50 day moving average price of $18.57 and a 200-day moving average price of $18.29. AG Mortgage Investment Trust, Inc. has a 52-week low of $14.61 and a 52-week high of $19.57. The stock has a market cap of $533.18 million, a PE ratio of 5.91 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. AG Mortgage Investment Trust had a net margin of 85.21% and a return on equity of 11.97%. The firm had revenue of $31.22 million for the quarter, compared to the consensus estimate of $21.76 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that AG Mortgage Investment Trust, Inc. will post $1.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, June 19th were paid a dividend of $0.475 per share. The ex-dividend date was Thursday, June 15th. This represents a $1.90 dividend on an annualized basis and a yield of 9.90%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 58.82%.

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MITT has been the topic of several analyst reports. BidaskClub downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group restated a “hold” rating and issued a $18.00 price objective on shares of AG Mortgage Investment Trust in a research report on Friday, May 5th. Zacks Investment Research downgraded AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Wunderlich boosted their price objective on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a “hold” rating in a research report on Monday, May 8th. Finally, Keefe, Bruyette & Woods set a $18.00 price objective on AG Mortgage Investment Trust and gave the company a “hold” rating in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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