Tower Research Capital LLC TRC Purchases New Stake in AG Mortgage Investment Trust Inc (MITT)

Tower Research Capital LLC TRC purchased a new stake in AG Mortgage Investment Trust Inc (NYSE:MITT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,556 shares of the real estate investment trust’s stock, valued at approximately $142,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in AG Mortgage Investment Trust by 9.0% in the 1st quarter. Guggenheim Capital LLC now owns 43,657 shares of the real estate investment trust’s stock valued at $759,000 after buying an additional 3,599 shares during the last quarter. Principal Financial Group Inc. increased its stake in AG Mortgage Investment Trust by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 40,384 shares of the real estate investment trust’s stock valued at $701,000 after buying an additional 3,752 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in AG Mortgage Investment Trust by 32.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,652 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 4,590 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in AG Mortgage Investment Trust by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 151,317 shares of the real estate investment trust’s stock valued at $2,844,000 after buying an additional 4,683 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in AG Mortgage Investment Trust by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 31,958 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 4,878 shares during the last quarter. 65.21% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MITT opened at $17.32 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $513.15 million, a price-to-earnings ratio of 8.46 and a beta of 0.72. AG Mortgage Investment Trust Inc has a 52 week low of $16.31 and a 52 week high of $19.95.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $19.74 million during the quarter. AG Mortgage Investment Trust had a net margin of 52.87% and a return on equity of 12.95%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.00 annualized dividend and a yield of 11.55%.

Separately, ValuEngine lowered shares of AG Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.

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Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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