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

Charles Schwab Investment Management Inc. increased its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,512 shares of the real estate investment trust’s stock after buying an additional 4,036 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.29% of AG Mortgage Investment Trust worth $642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MITT. Bank of New York Mellon Corp grew its position in AG Mortgage Investment Trust by 105.4% in the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 84,037 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of AG Mortgage Investment Trust by 34.6% during the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock valued at $3,715,000 after acquiring an additional 143,799 shares during the period. Wolverine Asset Management LLC lifted its position in shares of 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 valued at $1,397,000 after acquiring an additional 121,771 shares in the last quarter. LSV Asset Management acquired a new position in AG Mortgage Investment Trust in the 2nd quarter worth approximately $1,110,000. Finally, Algert Global LLC purchased a new stake in AG Mortgage Investment Trust in the 2nd quarter worth about $81,000. Institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Price Performance

MITT opened at $6.95 on Thursday. The company has a market capitalization of $205.09 million, a PE ratio of 3.05 and a beta of 2.01. The business has a 50-day moving average of $7.06 and a 200-day moving average of $7.12. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 10.94%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.