Barclays PLC Boosts Stock Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Barclays PLC raised its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 54.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,778 shares of the real estate investment trust’s stock after purchasing an additional 17,243 shares during the period. Barclays PLC owned 0.17% of AG Mortgage Investment Trust worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in AG Mortgage Investment Trust by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 3,546 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of AG Mortgage Investment Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 4,036 shares during the last quarter. State Street Corp grew its stake in shares of AG Mortgage Investment Trust by 2.2% during the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after acquiring an additional 7,587 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter worth about $77,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of AG Mortgage Investment Trust during the second quarter worth about $72,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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 given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AG Mortgage Investment Trust Stock Performance

Shares of MITT stock opened at $6.81 on Friday. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $7.95. The firm has a market capitalization of $200.96 million, a price-to-earnings ratio of 2.99 and a beta of 1.99. The stock’s 50-day simple moving average is $6.94 and its 200-day simple moving average is $7.13.

AG Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 11.16%. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

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.