Meeder Asset Management Inc. Buys Shares of 14,187 AG Mortgage Investment Trust, Inc. (MITT)

Meeder Asset Management Inc. bought a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the second quarter, according to its most recent filing with the SEC. The firm bought 14,187 shares of the real estate investment trust’s stock, valued at approximately $259,000. Meeder Asset Management Inc. owned approximately 0.05% of AG Mortgage Investment Trust at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in AG Mortgage Investment Trust during the first quarter valued at approximately $105,000. Creative Planning raised its stake in shares of AG Mortgage Investment Trust by 104.4% in the second quarter. Creative Planning now owns 5,858 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,992 shares during the period. Hancock Holding Co. acquired a new stake in shares of AG Mortgage Investment Trust during the first quarter valued at about $186,000. Teza Capital Management LLC acquired a new stake in shares of AG Mortgage Investment Trust during the first quarter valued at about $197,000. Finally, Comerica Bank acquired a new stake in shares of AG Mortgage Investment Trust during the first quarter valued at about $232,000. Hedge funds and other institutional investors own 66.63% of the company’s stock.

AG Mortgage Investment Trust, Inc. (NYSE MITT) traded up 0.05% on Wednesday, reaching $18.52. 12,458 shares of the company’s stock were exchanged. AG Mortgage Investment Trust, Inc. has a 52 week low of $13.88 and a 52 week high of $19.38. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $18.18. The company has a market cap of $513.10 million, a price-to-earnings ratio of 6.62 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $19.80 million during the quarter. AG Mortgage Investment Trust had a return on equity of 12.66% and a net margin of 75.87%. On average, equities analysts anticipate that AG Mortgage Investment Trust, Inc. will post $1.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, June 19th were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $1.90 dividend on an annualized basis and a yield of 10.26%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 68.10%.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by [[site]] and is the sole property of of [[site]]. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at [[permalink]].

MITT has been the topic of several analyst reports. BidaskClub lowered shares of AG Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Credit Suisse Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a report on Monday, May 15th. Keefe, Bruyette & Woods set a $18.00 price objective on shares of AG Mortgage Investment Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, Wunderlich increased their price objective on shares of AG Mortgage Investment Trust from $17.50 to $18.50 and gave the stock a “hold” rating in a report on Monday, May 8th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.38.

AG Mortgage Investment Trust Company Profile