AG Mortgage Investment Trust, Inc. (NYSE:MITT) Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC trimmed its holdings in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 48.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,400 shares of the real estate investment trust’s stock after selling 149,605 shares during the period. AG Mortgage Investment Trust accounts for approximately 0.8% of Jacobs Asset Management LLC’s holdings, making the stock its 27th largest holding. Jacobs Asset Management LLC owned approximately 0.54% of AG Mortgage Investment Trust worth $1,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MITT. AlphaCore Capital LLC acquired a new position in AG Mortgage Investment Trust during the third quarter valued at approximately $77,000. The Manufacturers Life Insurance Company bought a new stake in AG Mortgage Investment Trust during the 2nd quarter valued at $72,000. Algert Global LLC purchased a new position in AG Mortgage Investment Trust in the second quarter worth $81,000. SG Americas Securities LLC bought a new stake in AG Mortgage Investment Trust in the third quarter worth $93,000. Finally, Curi RMB Capital LLC bought a new position in AG Mortgage Investment Trust in the third quarter worth about $105,000. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Price Performance

Shares of AG Mortgage Investment Trust stock opened at $6.84 on Tuesday. The firm has a market cap of $201.70 million, a price-to-earnings ratio of 3.00 and a beta of 2.01. AG Mortgage Investment Trust, Inc. has a one year low of $5.41 and a one year high of $7.95. The stock’s 50-day moving average is $7.16 and its 200 day moving average is $7.10.

AG Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 11.12%. AG Mortgage Investment Trust’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AG Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus 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.