AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 509.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,047 shares of the real estate investment trust's stock after purchasing an additional 76,100 shares during the period. Prudential Financial Inc. owned 0.31% of AG Mortgage Investment Trust worth $605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MITT. LPL Financial LLC purchased a new stake in shares of AG Mortgage Investment Trust in the 4th quarter valued at approximately $70,000. Intech Investment Management LLC acquired a new position in AG Mortgage Investment Trust in the fourth quarter valued at approximately $88,000. Jane Street Group LLC purchased a new position in AG Mortgage Investment Trust in the third quarter worth approximately $94,000. JPMorgan Chase & Co. increased its stake in AG Mortgage Investment Trust by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 35,620 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 2,839 shares during the last quarter. Finally, Barclays PLC raised its position in AG Mortgage Investment Trust by 54.7% in the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 17,243 shares during the period. 27.32% of the stock is currently owned by institutional investors and hedge funds.

AG Mortgage Investment Trust Trading Down 1.3 %

MITT traded down $0.08 during mid-day trading on Friday, hitting $5.82. 314,814 shares of the stock were exchanged, compared to its average volume of 236,289. The firm's fifty day moving average is $7.20 and its two-hundred day moving average is $7.04. AG Mortgage Investment Trust, Inc. has a 1-year low of $5.44 and a 1-year high of $7.95. The company has a market cap of $172.67 million, a PE ratio of 2.55 and a beta of 1.46.

AG Mortgage Investment Trust (NYSE:MITT - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $22.00 million for the quarter, compared to analyst estimates of $18.44 million. AG Mortgage Investment Trust had a return on equity of 9.70% and a net margin of 20.19%. As a group, research analysts anticipate that AG Mortgage Investment Trust, Inc. will post 0.78 earnings per share for the current year.

AG Mortgage Investment Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.74%. The ex-dividend date is Monday, March 31st. This is a boost from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. AG Mortgage Investment Trust's dividend payout ratio (DPR) is currently 65.04%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MITT shares. Jones Trading increased their price target on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Monday, March 3rd. JMP Securities reiterated a "market outperform" rating and set a $8.50 price target on shares of AG Mortgage Investment Trust in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.30.

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.