Schwab Charles Investment Management Inc. grew its stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 5.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 134,089 shares of the real estate investment trust’s stock after acquiring an additional 7,330 shares during the period. Schwab Charles Investment Management Inc.’s holdings in AG Mortgage Investment Trust were worth $2,580,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in AG Mortgage Investment Trust in the 3rd quarter worth about $117,000. BNP Paribas Arbitrage SA increased its holdings in AG Mortgage Investment Trust by 59.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 2,596 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in AG Mortgage Investment Trust in the 2nd quarter worth about $197,000. Arrowstreet Capital Limited Partnership bought a new stake in AG Mortgage Investment Trust in the 2nd quarter worth about $220,000. Finally, Virtu KCG Holdings LLC bought a new stake in AG Mortgage Investment Trust in the 2nd quarter worth about $234,000. Hedge funds and other institutional investors own 65.74% of the company’s stock.

Separately, BidaskClub downgraded AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.17.

Shares of AG Mortgage Investment Trust, Inc. (NYSE MITT) opened at $18.50 on Thursday. AG Mortgage Investment Trust, Inc. has a twelve month low of $17.05 and a twelve month high of $19.95. The company has a market capitalization of $515.64, a PE ratio of 6.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. AG Mortgage Investment Trust had a return on equity of 11.21% and a net margin of 74.99%. The company had revenue of $21.60 million during the quarter, compared to the consensus estimate of $21.65 million. During the same period last year, the company earned $0.50 EPS. AG Mortgage Investment Trust’s revenue for the quarter was down 1.8% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.475 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.90 annualized dividend and a yield of 10.27%. AG Mortgage Investment Trust’s payout ratio is 66.43%.

TRADEMARK VIOLATION NOTICE: “Schwab Charles Investment Management Inc. Has $2.58 Million Stake in AG Mortgage Investment Trust, Inc. (MITT)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2018/01/18/schwab-charles-investment-management-inc-has-2-58-million-stake-in-ag-mortgage-investment-trust-inc-mitt.html.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

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

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