Janney Montgomery Scott LLC Has $1.27 Million Stock Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Janney Montgomery Scott LLC raised its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,322 shares of the real estate investment trust’s stock after buying an additional 3,546 shares during the period. Janney Montgomery Scott LLC owned 0.57% of AG Mortgage Investment Trust worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MITT. SG Americas Securities LLC acquired a new stake in AG Mortgage Investment Trust in the 3rd quarter valued at about $93,000. Algert Global LLC bought a new position in AG Mortgage Investment Trust in the 2nd quarter worth approximately $81,000. The Manufacturers Life Insurance Company acquired a new position in AG Mortgage Investment Trust during the 2nd quarter worth $72,000. Marshall Wace LLP lifted its holdings in AG Mortgage Investment Trust by 32.0% during the 2nd quarter. Marshall Wace LLP now owns 91,416 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 22,143 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in AG Mortgage Investment Trust by 34.6% in the 2nd quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock valued at $3,715,000 after buying an additional 143,799 shares during the last quarter. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Price Performance

Shares of NYSE:MITT opened at $6.78 on Friday. The firm’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $7.07. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $7.95. The company has a market capitalization of $200.08 million, a price-to-earnings ratio of 2.97 and a beta of 2.04.

AG Mortgage Investment Trust Announces Dividend

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

Wall Street Analyst Weigh In

MITT has been the topic of several recent research reports. JMP Securities raised their price target on 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. Piper Sandler began coverage on shares of AG Mortgage Investment Trust in a research report on Friday, July 26th. They set an “overweight” rating and a $9.00 price target for the company. Finally, StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

About AG Mortgage Investment Trust

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.