AG Mortgage Investment Trust, Inc. (NYSE:MITT) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,917 shares of the real estate investment trust’s stock after selling 18,595 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of AG Mortgage Investment Trust worth $445,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of AG Mortgage Investment Trust by 2.2% in the third quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock worth $2,655,000 after buying an additional 7,587 shares during the period. Virtus Investment Advisers Inc. purchased a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $86,000. Jane Street Group LLC purchased a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $94,000. Barclays PLC boosted its position in AG Mortgage Investment Trust by 54.7% during the 3rd quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 17,243 shares during the period. Finally, Geode Capital Management LLC grew its stake in AG Mortgage Investment Trust by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust’s stock valued at $4,980,000 after acquiring an additional 36,081 shares in the last quarter. 27.32% of the stock is owned by hedge funds and other institutional investors.

AG Mortgage Investment Trust Price Performance

Shares of AG Mortgage Investment Trust stock opened at $7.32 on Tuesday. The firm has a market cap of $217.19 million, a price-to-earnings ratio of 3.21 and a beta of 2.05. The stock has a 50-day simple moving average of $7.24 and a 200-day simple moving average of $7.13. 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 (NYSE:MITT) last posted its earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $22.00 million during the quarter, compared to analyst estimates of $18.44 million. AG Mortgage Investment Trust had a net margin of 20.19% and a return on equity of 9.70%. As a group, equities research analysts predict that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This is a boost from AG Mortgage Investment Trust’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 10.92%. AG Mortgage Investment Trust’s dividend payout ratio is currently 65.04%.

Analyst Ratings Changes

MITT has been the subject of several research reports. JMP Securities restated a “market outperform” rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Jones Trading increased their target price on shares of AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.30.

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.