AG Mortgage Investment Trust Inc (NYSE:MITT) CFO Brian C. Sigman bought 7,200 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $17.09 per share, for a total transaction of $123,048.00. Following the completion of the transaction, the chief financial officer now owns 38,500 shares in the company, valued at approximately $657,965. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
AG Mortgage Investment Trust Inc (NYSE:MITT) traded up $0.14 during trading hours on Wednesday, reaching $17.70. 151,270 shares of the company’s stock were exchanged, compared to its average volume of 163,826. The firm has a market capitalization of $496.53, a price-to-earnings ratio of 4.67 and a beta of 0.77. AG Mortgage Investment Trust Inc has a 52-week low of $16.31 and a 52-week high of $19.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.21 and a current ratio of 1.21.
AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The firm had revenue of $22.67 million for the quarter, compared to analyst estimates of $21.68 million. AG Mortgage Investment Trust had a net margin of 92.01% and a return on equity of 11.23%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share.
A number of large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its position in shares of AG Mortgage Investment Trust by 49.3% during the third quarter. Allianz Asset Management GmbH now owns 478,488 shares of the real estate investment trust’s stock worth $9,206,000 after purchasing an additional 158,092 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of AG Mortgage Investment Trust by 107.7% during the fourth quarter. Renaissance Technologies LLC now owns 211,500 shares of the real estate investment trust’s stock worth $4,021,000 after purchasing an additional 109,674 shares in the last quarter. Deutsche Bank AG lifted its position in shares of AG Mortgage Investment Trust by 95.8% during the fourth quarter. Deutsche Bank AG now owns 181,496 shares of the real estate investment trust’s stock worth $3,449,000 after purchasing an additional 88,806 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of AG Mortgage Investment Trust during the third quarter worth approximately $1,638,000. Finally, GSA Capital Partners LLP acquired a new position in shares of AG Mortgage Investment Trust during the third quarter worth approximately $961,000. Hedge funds and other institutional investors own 65.07% of the company’s stock.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.25 target price on shares of AG Mortgage Investment Trust in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. AG Mortgage Investment Trust currently has an average rating of “Hold” and a consensus price target of $18.25.
About AG Mortgage Investment Trust
AG Mortgage Investment Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.
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