Ameriprise Financial Inc. raised its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 47.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,090 shares of the real estate investment trust’s stock after acquiring an additional 19,608 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of AG Mortgage Investment Trust worth $1,119,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MITT. Alliancebernstein L.P. boosted its stake in shares of AG Mortgage Investment Trust by 5.3% during the 2nd quarter. Alliancebernstein L.P. now owns 127,688 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 6,450 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of AG Mortgage Investment Trust by 8.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,107 shares of the real estate investment trust’s stock valued at $1,173,000 after buying an additional 4,810 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AG Mortgage Investment Trust by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 294,322 shares of the real estate investment trust’s stock valued at $5,386,000 after buying an additional 8,648 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of AG Mortgage Investment Trust during the 2nd quarter valued at approximately $590,000. Finally, IndexIQ Advisors LLC boosted its stake in shares of AG Mortgage Investment Trust by 11.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 33,056 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 3,426 shares during the last quarter. 64.91% of the stock is owned by institutional investors.

WARNING: “Ameriprise Financial Inc. Purchases 19,608 Shares of AG Mortgage Investment Trust, Inc. (MITT)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/08/ameriprise-financial-inc-purchases-19608-shares-of-ag-mortgage-investment-trust-inc-mitt.html.

Several equities analysts have recently commented on MITT shares. Credit Suisse Group reiterated 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. BidaskClub cut AG Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine upgraded AG Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded AG Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.17.

AG Mortgage Investment Trust, Inc. (MITT) opened at $18.78 on Wednesday. AG Mortgage Investment Trust, Inc. has a one year low of $15.95 and a one year high of $19.72. The stock has a market capitalization of $523.82, a price-to-earnings ratio of 9.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23.

AG Mortgage Investment Trust (NYSE:MITT) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.21% and a net margin of 74.99%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 10.12%. The ex-dividend date was Thursday, September 28th. AG Mortgage Investment Trust’s payout ratio is 66.43%.

About AG Mortgage Investment Trust

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

Receive News & Stock Ratings for AG Mortgage Investment Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust Inc. and related stocks with our FREE daily email newsletter.