Matthew Jozoff, a director of AG Mortgage Investment Trust, Inc. (NYSE:MITT – Get Rating), acquired 8,000 shares of AG Mortgage Investment Trust in a transaction on Friday, August 5. The shares were purchased at an average price of $7.41 per share for a total value of $59,280.00. Following the transaction, the director now owns 40,008 shares of the company, valued at $296,459.28. The acquisition was disclosed in a legal filing with the SEC available at this link.
AG Mortgage Investment Trust price development
NYSE MITT rose $0.05 during Monday trading to hit $7.45. 49,284 shares of the Company were exchanged compared to an average volume of 194,161. The company has a 50-day moving average price of $7.44 and a 200-day moving average price of $8.27. AG Mortgage Investment Trust, Inc. has a 52-week low of $6.15 and a 52-week high of $13.49.
AG Mortgage Investment Trust (NYSE:MITT – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The Real Estate Investment Trust reported ($2.27) EPS for the quarter, missing the consensus estimate of ($0.08) by ($2.19). AG Mortgage Investment Trust had a positive return on equity of 10.85% and a negative net margin of 14.07%.
AG Mortgage Investment Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. A dividend of $0.21 per share was paid to investors of record on Thursday, June 30th. That equates to an annualized dividend of $0.84 and a dividend yield of 11.28%. The ex-dividend date was Wednesday June 29th. The AG Mortgage Investment Trust payout ratio is -103.70%.
Analysts set new price targets
A number of research analysts recently covered the stock. Credit Suisse Group lowered its price target for AG Mortgage Investment Trust shares to $8.00 in a research report on Friday, July 22. TheStreet downgraded AG Mortgage Investment Trust from a “c-” rating to a “d” rating in a report on Friday 27 May. Keefe, Bruyette & Woods downgraded AG Mortgage Investment Trust from an outperform rating to a market perform rating and put an $8.50 target price on the stock. in a report on Monday, July 18. Finally, StockNews.com downgraded AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have given it a hold rating and two have given it a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $11.38.
Institutional inflows and outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in AG Mortgage Investment Trust stock valued at approximately $31,000 during the fourth quarter. Lazard Asset Management LLC acquired a new interest in AG Mortgage Investment Trust valued at approximately $41,000 during the fourth quarter. Nisa Investment Advisors LLC acquired a new $50,000 stake in AG Mortgage Investment Trust during the first quarter. ML&R Wealth Management LLC purchased a new position in AG Mortgage Investment Trust valued at $93,000 during the first quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in AG Mortgage Investment Trust valued at $98,000 during the first quarter. Institutional investors and hedge funds own 47.99% of the company’s shares.
AG Mortgage Investment Trust company profile
AG Mortgage Investment Trust, Inc operates in the United States as a residential mortgage investment trust. Its investment portfolio includes residential investments, including non-qualifying mortgage loans, government-sponsored non-owner-occupied loans, re/distressed loans, real estate financings and agency mortgage-backed securities; and commercial investments.
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