Renaissance Technologies LLC Increases Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Renaissance Technologies LLC grew its holdings in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 34.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 559,462 shares of the real estate investment trust’s stock after purchasing an additional 143,799 shares during the period. Renaissance Technologies LLC’s holdings in AG Mortgage Investment Trust were worth $3,715,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Transcend Capital Advisors LLC grew its holdings in shares of AG Mortgage Investment Trust by 12.6% during 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 during the last quarter. Naviter Wealth LLC increased its holdings in shares of AG Mortgage Investment Trust by 30.9% in the 1st quarter. Naviter Wealth LLC now owns 16,947 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 4,000 shares in the last quarter. Napa Wealth Management bought a new stake in shares of AG Mortgage Investment Trust in the 4th quarter worth $96,000. Rhumbline Advisers raised its stake in shares of AG Mortgage Investment Trust by 5,557.2% in the second quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 39,067 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of AG Mortgage Investment Trust during the second quarter valued at $291,000. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Trading Up 0.5 %

Shares of NYSE MITT opened at $7.79 on Monday. AG Mortgage Investment Trust, Inc. has a 12-month low of $4.82 and a 12-month high of $7.95. The firm has a market capitalization of $229.60 million, a price-to-earnings ratio of 4.48 and a beta of 2.05. The firm has a 50 day moving average of $7.31 and a 200 day moving average of $6.75.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $99.82 million for the quarter, compared to the consensus estimate of $17.00 million. AG Mortgage Investment Trust had a net margin of 17.20% and a return on equity of 9.44%. During the same period in the previous year, the firm earned $0.08 EPS. Sell-side analysts predict that AG Mortgage Investment Trust, Inc. will post 0.82 EPS for the current year.

AG Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Monday, September 30th. AG Mortgage Investment Trust’s payout ratio is 43.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MITT shares. StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. JMP Securities boosted their price objective on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Friday, July 19th. Piper Sandler started 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. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $7.50 target price on shares of AG Mortgage Investment Trust in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.