LSV Asset Management Makes New Investment in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

LSV Asset Management purchased a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 167,200 shares of the real estate investment trust’s stock, valued at approximately $1,110,000.

Other hedge funds also recently bought and sold shares of the company. Napa Wealth Management purchased a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at $96,000. Naviter Wealth LLC grew its position in shares of AG Mortgage Investment Trust by 30.9% in the first quarter. Naviter Wealth LLC now owns 16,947 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 4,000 shares during the period. Transcend Capital Advisors LLC grew its position in shares of AG Mortgage Investment Trust by 12.6% in the second quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 2,500 shares during the period. Rhumbline Advisers grew its position in shares of AG Mortgage Investment Trust by 5,557.2% in the second quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 39,067 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of AG Mortgage Investment Trust in the fourth quarter valued at $280,000. Hedge funds and other institutional investors own 27.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $7.50 price objective on shares of AG Mortgage Investment Trust in a research report on Monday, June 17th. StockNews.com cut AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. JMP Securities lifted their target price on AG Mortgage Investment Trust from $7.50 to $8.50 and gave the company a “market outperform” rating in a report on Friday, July 19th. Finally, Piper Sandler started coverage on AG Mortgage Investment Trust in a report on Friday, July 26th. They issued an “overweight” rating and a $9.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.00.

AG Mortgage Investment Trust Price Performance

Shares of MITT opened at $7.38 on Friday. The stock’s 50-day moving average is $7.18 and its two-hundred day moving average is $6.61. The stock has a market cap of $217.52 million, a PE ratio of 4.24 and a beta of 2.05. AG Mortgage Investment Trust, Inc. has a 12 month low of $4.82 and a 12 month high of $7.86.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $99.82 million for the quarter, compared to analyst estimates of $17.00 million. AG Mortgage Investment Trust had a return on equity of 9.44% and a net margin of 17.20%. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, research analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.82 earnings per share for the current year.

AG Mortgage Investment Trust Company 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.