Geode Capital Management LLC Acquires 36,081 Shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Geode Capital Management LLC lifted its holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 663,025 shares of the real estate investment trust’s stock after buying an additional 36,081 shares during the quarter. Geode Capital Management LLC’s holdings in AG Mortgage Investment Trust were worth $4,980,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MITT. Bank of New York Mellon Corp lifted its stake in AG Mortgage Investment Trust by 105.4% in the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after buying an additional 84,037 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AG Mortgage Investment Trust by 34.6% during the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock worth $3,715,000 after acquiring an additional 143,799 shares during the period. Wolverine Asset Management LLC lifted its position in AG Mortgage Investment Trust by 189.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock valued at $1,397,000 after acquiring an additional 121,771 shares in the last quarter. LSV Asset Management acquired a new position in AG Mortgage Investment Trust in the 2nd quarter worth $1,110,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in AG Mortgage Investment Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,036 shares in the last quarter. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Trading Up 1.8 %

AG Mortgage Investment Trust stock opened at $6.81 on Friday. AG Mortgage Investment Trust, Inc. has a 1-year low of $5.44 and a 1-year high of $7.95. The company has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $7.13. The company has a market cap of $200.96 million, a P/E ratio of 2.99 and a beta of 1.99.

AG Mortgage Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date of this dividend is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

Separately, StockNews.com cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.25.

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.