AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 53.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,891 shares of the real estate investment trust’s stock after acquiring an additional 57,042 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.55% of AG Mortgage Investment Trust worth $1,223,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of AG Mortgage Investment Trust by 105.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock worth $1,087,000 after purchasing an additional 84,037 shares during the last quarter. Renaissance Technologies LLC lifted its stake in AG Mortgage Investment Trust by 34.6% in the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock valued at $3,715,000 after buying an additional 143,799 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of AG Mortgage Investment Trust by 189.6% during the third 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 during the period. LSV Asset Management bought a new position in shares of AG Mortgage Investment Trust during the second quarter worth about $1,110,000. Finally, Algert Global LLC acquired a new stake in shares of AG Mortgage Investment Trust in the 2nd quarter worth about $81,000. Institutional investors own 27.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of 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 four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

AG Mortgage Investment Trust Stock Up 0.2 %

MITT stock opened at $6.72 on Wednesday. The company has a 50-day simple moving average of $7.26 and a 200 day simple moving average of $7.11. The company has a market capitalization of $198.16 million, a P/E ratio of 2.93 and a beta of 2.04. AG Mortgage Investment Trust, Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $7.95.

AG Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 11.32%. The ex-dividend date of this dividend was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 33.33%.

AG Mortgage Investment Trust 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.