Geode Capital Management LLC Has $4.98 Million Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Geode Capital Management LLC grew its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 663,025 shares of the real estate investment trust’s stock after buying an additional 36,081 shares during the quarter. Geode Capital Management LLC owned approximately 2.25% of AG Mortgage Investment Trust worth $4,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in AG Mortgage Investment Trust by 34.6% during the 2nd 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 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 valued at $2,655,000 after purchasing an additional 7,587 shares during the last quarter. Wolverine Asset Management LLC raised its position in AG Mortgage Investment Trust by 189.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 121,771 shares during the last quarter. Janney Montgomery Scott LLC raised its position in AG Mortgage Investment Trust by 2.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 3,546 shares during the last quarter. Finally, LSV Asset Management bought a new position in AG Mortgage Investment Trust in the 2nd quarter valued at $1,110,000. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Stock Performance

Shares of MITT stock opened at $6.81 on Friday. The firm’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.13. The stock has a market cap of $200.96 million, a PE ratio of 2.99 and a beta of 1.99. AG Mortgage Investment Trust, Inc. has a 52-week low of $5.44 and a 52-week high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date 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 presently 33.33%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8.25.

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.