Teachers Advisors LLC Sells 3,090 Shares of AG Mortgage Investment Trust, Inc. (MITT)

Teachers Advisors LLC lessened its stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,553 shares of the real estate investment trust’s stock after selling 3,090 shares during the period. Teachers Advisors LLC owned about 0.19% of AG Mortgage Investment Trust worth $980,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MITT. Wells Fargo & Company MN lifted its position in shares of AG Mortgage Investment Trust by 9.3% during the 1st quarter. Wells Fargo & Company MN now owns 38,319 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 3,263 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of AG Mortgage Investment Trust by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 129,015 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 8,167 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in AG Mortgage Investment Trust during the 1st quarter valued at $751,000. Parametric Portfolio Associates LLC raised its stake in AG Mortgage Investment Trust by 0.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 140,763 shares of the real estate investment trust’s stock valued at $2,541,000 after purchasing an additional 688 shares during the period. Finally, American International Group Inc. raised its stake in AG Mortgage Investment Trust by 7.0% during the 1st quarter. American International Group Inc. now owns 17,294 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 1,138 shares during the period. Institutional investors own 64.80% of the company’s stock.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $21.65 million. AG Mortgage Investment Trust had a net margin of 74.99% and a return on equity of 11.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.98%. AG Mortgage Investment Trust’s dividend payout ratio is 66.43%.

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Several analysts have issued reports on the stock. BidaskClub downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine raised shares of AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Credit Suisse Group reissued a “hold” rating and set a $18.00 target price on shares of AG Mortgage Investment Trust in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. AG Mortgage Investment Trust currently has a consensus rating of “Hold” and a consensus target price of $18.17.

AG Mortgage Investment Trust Company Profile

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

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