AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 195,367 shares of the real estate investment trust’s stock after buying an additional 9,370 shares during the period. Wolverine Asset Management LLC owned approximately 0.66% of AG Mortgage Investment Trust worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new position in AG Mortgage Investment Trust in the third quarter valued at approximately $77,000. Virtus Investment Advisers Inc. purchased a new position in AG Mortgage Investment Trust in the third quarter valued at approximately $86,000. SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $93,000. Jane Street Group LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $94,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $105,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Trading Up 1.0 %

Shares of NYSE:MITT opened at $7.40 on Friday. The company has a fifty day simple moving average of $6.83 and a 200 day simple moving average of $7.05. The firm has a market cap of $218.49 million, a PE ratio of 3.25 and a beta of 2.00. AG Mortgage Investment Trust, Inc. has a 12-month low of $5.44 and a 12-month high of $7.95.

AG Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.26%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

MITT has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. StockNews.com lowered shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.