Janney Montgomery Scott LLC Acquires 3,546 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Janney Montgomery Scott LLC raised its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 169,322 shares of the real estate investment trust’s stock after acquiring an additional 3,546 shares during the period. Janney Montgomery Scott LLC’s holdings in AG Mortgage Investment Trust were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in shares of AG Mortgage Investment Trust by 34.6% during the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock worth $3,715,000 after acquiring an additional 143,799 shares during the period. LSV Asset Management acquired a new stake in shares of AG Mortgage Investment Trust in the 2nd quarter valued at about $1,110,000. Bank of New York Mellon Corp raised its stake in shares of AG Mortgage Investment Trust by 105.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 84,037 shares during the period. Marshall Wace LLP lifted its holdings in shares of AG Mortgage Investment Trust by 32.0% in the second quarter. Marshall Wace LLP now owns 91,416 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 22,143 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of AG Mortgage Investment Trust during the second quarter worth about $291,000. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Trading Down 1.0 %

NYSE MITT opened at $6.78 on Friday. AG Mortgage Investment Trust, Inc. has a 12 month low of $5.09 and a 12 month high of $7.95. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $7.07. The company has a market cap of $200.08 million, a PE ratio of 2.97 and a beta of 2.04.

AG Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Piper Sandler initiated coverage on AG Mortgage Investment Trust in a research report on Friday, July 26th. They issued an “overweight” rating and a $9.00 target price on the stock. JMP Securities lifted their price objective on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Friday, July 19th. Finally, StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

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.