Millennium Management LLC Purchases Shares of 98,686 AG Mortgage Investment Trust Inc (MITT)

Millennium Management LLC purchased a new stake in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 98,686 shares of the real estate investment trust’s stock, valued at approximately $1,854,000. Millennium Management LLC owned approximately 0.35% of AG Mortgage Investment Trust at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in AG Mortgage Investment Trust in the second quarter valued at about $142,000. Acadian Asset Management LLC purchased a new position in AG Mortgage Investment Trust in the second quarter valued at about $195,000. Raymond James & Associates purchased a new position in AG Mortgage Investment Trust in the second quarter valued at about $246,000. Whittier Trust Co. of Nevada Inc. purchased a new position in AG Mortgage Investment Trust in the second quarter valued at about $346,000. Finally, State Board of Administration of Florida Retirement System grew its stake in AG Mortgage Investment Trust by 32.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,652 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 4,590 shares in the last quarter. Institutional investors and hedge funds own 63.23% of the company’s stock.

Separately, ValuEngine downgraded AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd.



MITT opened at $17.09 on Monday. The stock has a market cap of $482.38 million, a PE ratio of 7.95 and a beta of 0.72. AG Mortgage Investment Trust Inc has a 52-week low of $16.31 and a 52-week high of $19.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.03.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings results on Monday, August 6th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $19.74 million during the quarter. AG Mortgage Investment Trust had a return on equity of 12.95% and a net margin of 52.87%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a dividend yield of 11.70%.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.

Further Reading: How to Invest in Growth Stocks

Want to see what other hedge funds are holding MITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AG Mortgage Investment Trust Inc (NYSE:MITT).

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

Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply