Wolverine Asset Management LLC Grows Stock Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Wolverine Asset Management LLC grew its position in AG Mortgage Investment Trust, Inc. (NYSE:MITT - Free Report) by 189.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,997 shares of the real estate investment trust's stock after buying an additional 121,771 shares during the quarter. Wolverine Asset Management LLC owned 0.63% of AG Mortgage Investment Trust worth $1,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its position in AG Mortgage Investment Trust by 105.4% during the second quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust's stock worth $1,087,000 after buying an additional 84,037 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in AG Mortgage Investment Trust during the 1st quarter worth about $704,000. Renaissance Technologies LLC raised its stake in AG Mortgage Investment Trust by 34.6% in the 2nd quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust's stock valued at $3,715,000 after purchasing an additional 143,799 shares during the last quarter. LSV Asset Management acquired a new position in AG Mortgage Investment Trust in the 2nd quarter valued at about $1,110,000. Finally, Algert Global LLC purchased a new position in AG Mortgage Investment Trust in the 2nd quarter valued at about $81,000. 27.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MITT. StockNews.com lowered shares of AG Mortgage Investment Trust from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Piper Sandler assumed coverage on AG Mortgage Investment Trust in a report on Friday, July 26th. They issued an "overweight" rating and a $9.00 price target for the company. Finally, JMP Securities increased their price target on 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.

AG Mortgage Investment Trust Price Performance

AG Mortgage Investment Trust stock remained flat at $6.85 during trading on Wednesday. 168,930 shares of the company were exchanged, compared to its average volume of 218,284. AG Mortgage Investment Trust, Inc. has a 52-week low of $5.09 and a 52-week high of $7.95. The business's 50-day moving average price is $7.38 and its 200 day moving average price is $7.07. The stock has a market capitalization of $202.14 million, a price-to-earnings ratio of 3.00 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. Stockholders of record on Monday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.09%. AG Mortgage Investment Trust's payout ratio is 33.33%.

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.