AlphaCentric Advisors LLC Has $1.39 Million Stock Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

AlphaCentric Advisors LLC reduced its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 70.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,879 shares of the real estate investment trust’s stock after selling 500,000 shares during the quarter. AG Mortgage Investment Trust comprises 1.0% of AlphaCentric Advisors LLC’s holdings, making the stock its 28th largest position. AlphaCentric Advisors LLC owned 0.71% of AG Mortgage Investment Trust worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Naviter Wealth LLC bought a new position in shares of AG Mortgage Investment Trust during the fourth quarter worth approximately $83,000. Napa Wealth Management acquired a new stake in AG Mortgage Investment Trust in the fourth quarter valued at approximately $96,000. Transcend Capital Advisors LLC boosted its position in AG Mortgage Investment Trust by 12.6% in the second quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 2,500 shares in the last quarter. Jump Financial LLC acquired a new stake in AG Mortgage Investment Trust in the fourth quarter valued at approximately $280,000. Finally, Janney Montgomery Scott LLC acquired a new stake in AG Mortgage Investment Trust in the first quarter valued at approximately $704,000. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Stock Up 1.0 %

AG Mortgage Investment Trust stock traded up $0.07 during midday trading on Monday, hitting $7.32. 264,286 shares of the stock were exchanged, compared to its average volume of 233,271. AG Mortgage Investment Trust, Inc. has a 52-week low of $4.82 and a 52-week high of $7.86. The stock has a market capitalization of $215.75 million, a price-to-earnings ratio of 4.19 and a beta of 2.06. The business’s 50-day moving average price is $7.01 and its 200-day moving average price is $6.48.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). AG Mortgage Investment Trust had a return on equity of 10.05% and a net margin of 20.84%. The company had revenue of $99.82 million during the quarter, compared to the consensus estimate of $17.00 million. During the same period last year, the firm posted $0.08 EPS. On average, sell-side analysts predict that AG Mortgage Investment Trust, Inc. will post 0.89 earnings per share for the current fiscal year.

AG Mortgage Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.19 dividend. This is a positive change from AG Mortgage Investment Trust’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend was Friday, June 28th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 43.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Piper Sandler assumed coverage on shares of AG Mortgage Investment Trust in a report on Friday, July 26th. They issued an “overweight” rating and a $9.00 target price on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $7.50 target price on shares of AG Mortgage Investment Trust in a report on Monday, June 17th. Jonestrading restated a “buy” rating and issued a $8.00 target price on shares of AG Mortgage Investment Trust in a report on Friday, May 3rd. Finally, JMP Securities lifted their price target on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.00.

AG Mortgage Investment Trust Company Profile

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.