Jane Street Group LLC Invests $94,000 in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Jane Street Group LLC acquired a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,505 shares of the real estate investment trust’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MITT. Janney Montgomery Scott LLC lifted its holdings in AG Mortgage Investment Trust by 2.1% during the third quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 3,546 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $642,000 after buying an additional 4,036 shares in the last quarter. State Street Corp lifted its stake in shares of AG Mortgage Investment Trust by 2.2% during the 3rd quarter. State Street Corp now owns 344,830 shares of the real estate investment trust’s stock valued at $2,655,000 after buying an additional 7,587 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in AG Mortgage Investment Trust in the 3rd quarter worth $77,000. Finally, The Manufacturers Life Insurance Company bought a new stake in AG Mortgage Investment Trust during the second quarter valued at about $72,000. 27.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note 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.com, AG Mortgage Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $8.25.

AG Mortgage Investment Trust Stock Performance

MITT opened at $6.30 on Wednesday. The stock has a market capitalization of $185.91 million, a price-to-earnings ratio of 2.76 and a beta of 1.99. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $7.95. The company has a fifty day moving average of $6.84 and a 200 day moving average of $7.12.

AG Mortgage Investment Trust Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.06%. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

About AG Mortgage Investment Trust

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.