Raymond James Financial Inc. Takes Position in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Raymond James Financial Inc. bought a new position in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 113,006 shares of the real estate investment trust's stock, valued at approximately $751,000. Raymond James Financial Inc. owned approximately 0.38% of AG Mortgage Investment Trust as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in AG Mortgage Investment Trust by 5.8% in the third quarter. Geode Capital Management LLC now owns 663,025 shares of the real estate investment trust's stock valued at $4,980,000 after buying an additional 36,081 shares in the last quarter. State Street Corp boosted its stake in shares of AG Mortgage Investment Trust by 2.2% in the 3rd quarter. State Street Corp now owns 344,830 shares of the real estate investment trust's stock valued at $2,655,000 after purchasing an additional 7,587 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of AG Mortgage Investment Trust by 5.0% during the 4th quarter. Wolverine Asset Management LLC now owns 195,367 shares of the real estate investment trust's stock valued at $1,299,000 after purchasing an additional 9,370 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 4,036 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of AG Mortgage Investment Trust by 54.7% during the third quarter. Barclays PLC now owns 48,778 shares of the real estate investment trust's stock worth $366,000 after buying an additional 17,243 shares during the last quarter. Institutional investors own 27.32% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MITT. JMP Securities reissued a "market outperform" rating and set a $8.50 price objective on shares of AG Mortgage Investment Trust in a report on Thursday, January 23rd. Jones Trading lifted their price target on AG Mortgage Investment Trust from $8.00 to $8.50 and gave the company a "buy" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.30.

AG Mortgage Investment Trust Trading Down 7.4 %

MITT stock traded down $0.48 during trading on Thursday, hitting $5.92. The company had a trading volume of 373,410 shares, compared to its average volume of 235,315. The stock has a market cap of $175.43 million, a PE ratio of 2.59 and a beta of 1.46. The business has a 50-day moving average of $7.22 and a 200-day moving average of $7.06. AG Mortgage Investment Trust, Inc. has a one year low of $5.44 and a one year high of $7.95.

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

AG Mortgage Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This is a positive change from AG Mortgage Investment Trust's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 13.52%. AG Mortgage Investment Trust's dividend payout ratio is presently 65.04%.

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.