Old Mutual Global Investors UK Ltd. Lowers Stake in AG Mortgage Investment Trust Inc (MITT)

Old Mutual Global Investors UK Ltd. reduced its stake in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) by 44.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,329 shares of the real estate investment trust’s stock after selling 5,842 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in AG Mortgage Investment Trust were worth $139,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. LSV Asset Management lifted its stake in shares of AG Mortgage Investment Trust by 4.7% during the fourth quarter. LSV Asset Management now owns 943,327 shares of the real estate investment trust’s stock worth $17,932,000 after buying an additional 42,200 shares during the period. Chicago Equity Partners LLC raised its holdings in shares of AG Mortgage Investment Trust by 72.8% during the fourth quarter. Chicago Equity Partners LLC now owns 147,150 shares of the real estate investment trust’s stock worth $2,797,000 after purchasing an additional 62,005 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of AG Mortgage Investment Trust during the fourth quarter worth $874,000. Schwab Charles Investment Management Inc. raised its holdings in shares of AG Mortgage Investment Trust by 11.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 149,381 shares of the real estate investment trust’s stock worth $2,840,000 after purchasing an additional 15,292 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of AG Mortgage Investment Trust during the third quarter worth $961,000. Institutional investors and hedge funds own 64.03% of the company’s stock.

AG Mortgage Investment Trust Inc (MITT) opened at $17.61 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. AG Mortgage Investment Trust Inc has a fifty-two week low of $16.39 and a fifty-two week high of $19.95. The stock has a market cap of $496.47, a price-to-earnings ratio of 8.98 and a beta of 0.74.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.475 per share. The ex-dividend date 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 (DPR) is presently 66.43%.

Separately, BidaskClub cut shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One equities research 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.17.

COPYRIGHT VIOLATION WARNING: This story was first reported by Week Herald and is the property of of Week Herald. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://weekherald.com/2018/02/19/old-mutual-global-investors-uk-ltd-lowers-stake-in-ag-mortgage-investment-trust-inc-mitt.html.

AG Mortgage Investment Trust Profile

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.

Want to see what other hedge funds are holding MITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AG Mortgage Investment Trust Inc (NYSE:MITT).

Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply