AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 20.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,972 shares of the real estate investment trust’s stock after selling 2,097 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AG Mortgage Investment Trust were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in MITT. Janney Montgomery Scott LLC acquired a new stake in AG Mortgage Investment Trust in the 1st quarter valued at $704,000. Transcend Capital Advisors LLC grew its stake in AG Mortgage Investment Trust by 12.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,500 shares during the period. Bank of New York Mellon Corp grew its stake in 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 valued at $1,087,000 after acquiring an additional 84,037 shares during the period. Rhumbline Advisers grew its stake in AG Mortgage Investment Trust by 5,557.2% in the 2nd quarter. Rhumbline Advisers now owns 39,770 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 39,067 shares during the period. Finally, Naviter Wealth LLC grew its stake in AG Mortgage Investment Trust by 26.3% in the 2nd quarter. Naviter Wealth LLC now owns 21,397 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 4,450 shares during the period. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Stock Up 1.8 %

Shares of MITT opened at $6.96 on Friday. AG Mortgage Investment Trust, Inc. has a 52-week low of $5.09 and a 52-week high of $7.95. The firm’s fifty day moving average is $7.42 and its two-hundred day moving average is $7.02. The stock has a market cap of $205.25 million, a PE ratio of 4.49 and a beta of 2.04.

AG Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.92%. The ex-dividend date was Monday, September 30th. AG Mortgage Investment Trust’s payout ratio is currently 49.03%.

Analyst Upgrades and Downgrades

MITT has been the topic of a number of research analyst reports. StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Piper Sandler initiated coverage on shares of AG Mortgage Investment Trust in a research note on Friday, July 26th. They set an “overweight” rating and a $9.00 target price on the stock. Finally, JMP Securities lifted their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.00.

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.