Curi RMB Capital LLC Purchases New Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

by · The Cerbat Gem

Curi RMB Capital LLC bought a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,021 shares of the real estate investment trust’s stock, valued at approximately $105,000.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in AG Mortgage Investment Trust during the 2nd quarter valued at about $72,000. Algert Global LLC bought a new position in shares of AG Mortgage Investment Trust in the second quarter worth approximately $81,000. SG Americas Securities LLC purchased a new stake in shares of AG Mortgage Investment Trust during the third quarter valued at approximately $93,000. Naviter Wealth LLC increased its position in shares of AG Mortgage Investment Trust by 26.3% during the second quarter. Naviter Wealth LLC now owns 21,397 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 4,450 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in AG Mortgage Investment Trust by 12.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 22,300 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 2,500 shares during the last quarter. 27.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MITT shares. Piper Sandler began coverage on AG Mortgage Investment Trust in a research note on Friday, July 26th. They set an “overweight” rating and a $9.00 target price on the stock. StockNews.com cut 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.00.

View Our Latest Analysis on MITT

AG Mortgage Investment Trust Stock Down 0.1 %

AG Mortgage Investment Trust stock opened at $6.77 on Friday. AG Mortgage Investment Trust, Inc. has a 52-week low of $5.09 and a 52-week high of $7.95. The company has a market cap of $199.78 million, a P/E ratio of 2.97 and a beta of 2.04. The business has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $7.09.

AG Mortgage Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 11.23%. AG Mortgage Investment Trust’s dividend payout ratio (DPR) is 33.33%.

AG Mortgage Investment Trust Company Profile

(Free Report)

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.

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