Metropolitan Life Insurance Co. NY continued to hold its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,004 shares of the real estate investment trust’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.08% of AG Mortgage Investment Trust worth $379,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MITT. Nisa Investment Advisors LLC purchased a new stake in AG Mortgage Investment Trust during the first quarter worth about $105,000. Hancock Holding Co. purchased a new stake in AG Mortgage Investment Trust during the first quarter worth about $186,000. Teza Capital Management LLC purchased a new stake in AG Mortgage Investment Trust during the first quarter worth about $197,000. Comerica Bank purchased a new stake in AG Mortgage Investment Trust during the first quarter worth about $232,000. Finally, Stevens Capital Management LP purchased a new stake in AG Mortgage Investment Trust during the first quarter worth about $262,000. Institutional investors own 66.55% of the company’s stock.
AG Mortgage Investment Trust, Inc. (NYSE MITT) traded up 1.36% during midday trading on Friday, hitting $19.34. 185,203 shares of the company traded hands. AG Mortgage Investment Trust, Inc. has a 12-month low of $14.61 and a 12-month high of $19.57. The stock’s 50-day moving average price is $18.62 and its 200 day moving average price is $18.31. The company has a market capitalization of $538.19 million, a price-to-earnings ratio of 5.97 and a beta of 0.94.
AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $21.76 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that AG Mortgage Investment Trust, Inc. will post $1.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, June 19th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 9.82%. The ex-dividend date was Thursday, June 15th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 58.82%.
Several equities research analysts recently weighed in on MITT shares. BidaskClub cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reiterated a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, August 10th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on shares of AG Mortgage Investment Trust and gave the company a “hold” rating in a research note on Wednesday, May 10th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.38.
AG Mortgage Investment Trust Company Profile
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