LSV Asset Management grew its position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943,327 shares of the real estate investment trust’s stock after purchasing an additional 42,200 shares during the period. LSV Asset Management owned approximately 3.35% of AG Mortgage Investment Trust worth $17,932,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of AG Mortgage Investment Trust by 49.3% in the third quarter. Allianz Asset Management GmbH now owns 478,488 shares of the real estate investment trust’s stock valued at $9,206,000 after acquiring an additional 158,092 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of AG Mortgage Investment Trust by 324.5% during the second quarter. Goldman Sachs Group Inc. now owns 196,764 shares of the real estate investment trust’s stock worth $3,601,000 after purchasing an additional 150,410 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of AG Mortgage Investment Trust during the third quarter worth about $1,638,000. GSA Capital Partners LLP purchased a new position in shares of AG Mortgage Investment Trust during the third quarter worth about $961,000. Finally, Acadian Asset Management LLC purchased a new position in shares of AG Mortgage Investment Trust during the fourth quarter worth about $874,000. Institutional investors own 65.68% of the company’s stock.
Separately, BidaskClub lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.17.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.90 annualized dividend and a dividend yield of 10.79%. AG Mortgage Investment Trust’s dividend payout ratio is currently 66.43%.
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About AG Mortgage Investment Trust
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.
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