Systematic Financial Management LP Decreases Position in AG Mortgage Investment Trust, Inc. (MITT)

Systematic Financial Management LP cut its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 17.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,365 shares of the real estate investment trust’s stock after selling 16,955 shares during the quarter. Systematic Financial Management LP owned approximately 0.29% of AG Mortgage Investment Trust worth $1,452,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MITT. American International Group Inc. lifted its stake in AG Mortgage Investment Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 17,294 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 1,138 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in AG Mortgage Investment Trust in the 1st quarter worth approximately $105,000. Hancock Holding Co. purchased a new position in AG Mortgage Investment Trust in the 1st quarter worth approximately $186,000. Comerica Bank purchased a new position in AG Mortgage Investment Trust in the 1st quarter worth approximately $232,000. Finally, Vanguard Group Inc. lifted its stake in AG Mortgage Investment Trust by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 2,292,023 shares of the real estate investment trust’s stock worth $41,370,000 after purchasing an additional 67,474 shares in the last quarter. 64.72% of the stock is currently owned by hedge funds and other institutional investors.

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MITT has been the topic of a number of research reports. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of AG Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $18.00 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.38.

Shares of AG Mortgage Investment Trust, Inc. (MITT) opened at 19.39 on Tuesday. The stock’s 50 day moving average is $19.09 and its 200-day moving average is $18.53. The firm has a market cap of $539.58 million, a P/E ratio of 5.98 and a beta of 0.92. AG Mortgage Investment Trust, Inc. has a one year low of $14.61 and a one year high of $19.57.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $31.22 million for the quarter, compared to the consensus estimate of $21.76 million. AG Mortgage Investment Trust had a net margin of 85.21% and a return on equity of 11.97%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts anticipate that AG Mortgage Investment Trust, Inc. will post $1.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date of this dividend is Thursday, September 28th. AG Mortgage Investment Trust’s dividend payout ratio is currently 58.82%.

AG Mortgage Investment Trust Profile

Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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