Matthew Jozoff is buying 8,000 shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT).

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

advertisement Invest daily

27 U.S. Cities Where Stocks Return 26% Annually

What was the highest-yielding stock you’ve ever owned? These stocks’ dividends have grown so rapidly over the years that they now average us 26%! When you start getting paid 26% on your money, your financial problems usually go away.

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

(received rating)

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.

Featured Stories

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Hear this before you consider AG Mortgage Investment Trust.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are softly whispering to their clients to buy now, before the broader market takes hold… and AG Mortgage Investment Trust wasn’t on the list.

While AG Mortgage Investment Trust is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

Leave a Comment

Your email address will not be published.