Schwab Charles Investment Management Inc. increased its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,089 shares of the real estate investment trust’s stock after acquiring an additional 7,330 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.48% of AG Mortgage Investment Trust worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in AG Mortgage Investment Trust in the second quarter worth $197,000. First Quadrant L P CA bought a new position in AG Mortgage Investment Trust in the third quarter worth $391,000. Aperio Group LLC raised its holdings in AG Mortgage Investment Trust by 15.7% in the third quarter. Aperio Group LLC now owns 55,124 shares of the real estate investment trust’s stock worth $1,061,000 after purchasing an additional 7,482 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in AG Mortgage Investment Trust by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,839 shares of the real estate investment trust’s stock worth $41,882,000 after purchasing an additional 11,272 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in AG Mortgage Investment Trust by 11.0% in the third quarter. Van ECK Associates Corp now owns 129,088 shares of the real estate investment trust’s stock worth $2,484,000 after purchasing an additional 12,825 shares in the last quarter. 65.74% of the stock is owned by institutional investors.
AG Mortgage Investment Trust, Inc. (MITT) opened at $18.50 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $515.64, a price-to-earnings ratio of 6.47 and a beta of 0.91. AG Mortgage Investment Trust, Inc. has a twelve month low of $17.05 and a twelve month high of $19.95.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.90 annualized dividend and a dividend yield of 10.27%. AG Mortgage Investment Trust’s payout ratio is presently 66.43%.
Separately, BidaskClub downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.17.
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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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