JPMorgan Chase & Co. Purchases 2,839 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

JPMorgan Chase & Co. raised its position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,620 shares of the real estate investment trust’s stock after purchasing an additional 2,839 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of AG Mortgage Investment Trust worth $268,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in AG Mortgage Investment Trust by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock worth $4,980,000 after buying an additional 36,081 shares in the last quarter. State Street Corp increased its position in 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 acquiring an additional 7,587 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in AG Mortgage Investment Trust by 189.6% in the third quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock valued at $1,397,000 after acquiring an additional 121,771 shares during the period. Janney Montgomery Scott LLC boosted its position 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 worth $1,272,000 after purchasing an additional 3,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of AG Mortgage Investment Trust by 53.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,891 shares of the real estate investment trust’s stock valued at $1,223,000 after purchasing an additional 57,042 shares during the period. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Price Performance

Shares of NYSE:MITT opened at $6.76 on Friday. The firm’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $7.09. The company has a market capitalization of $199.34 million, a P/E ratio of 2.96 and a beta of 1.99. AG Mortgage Investment Trust, Inc. has a 1-year low of $5.44 and a 1-year high of $7.95.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date of this dividend is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. JMP Securities reiterated a “market outperform” rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AG Mortgage Investment Trust has a consensus rating of “Moderate Buy” and an average price target 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.