Barclays PLC Raises Stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Barclays PLC boosted its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 54.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 48,778 shares of the real estate investment trust’s stock after purchasing an additional 17,243 shares during the period. Barclays PLC’s holdings in AG Mortgage Investment Trust were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in AG Mortgage Investment Trust by 105.4% in the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after acquiring an additional 84,037 shares during the period. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 143,799 shares during the period. Wolverine Asset Management LLC lifted its holdings in AG Mortgage Investment Trust by 189.6% in 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 acquired a new position in AG Mortgage Investment Trust in the second quarter valued at approximately $1,110,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in AG Mortgage Investment Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 85,512 shares of the real estate investment trust’s stock valued at $642,000 after acquiring an additional 4,036 shares during the period. Hedge funds and other institutional investors own 27.32% of the company’s stock.

AG Mortgage Investment Trust Stock Performance

NYSE MITT opened at $6.81 on Friday. The business has a fifty day moving average price of $6.94 and a 200 day moving average price of $7.13. AG Mortgage Investment Trust, Inc. has a one year low of $5.44 and a one year high of $7.95. The company has a market cap of $200.96 million, a P/E ratio of 2.99 and a beta of 1.99.

AG Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 11.16%. The ex-dividend date is Tuesday, December 31st. AG Mortgage Investment Trust’s dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

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.