Rothschild Asset Management Inc. reduced its holdings in shares of AG Mortgage Investment (NYSE:MITT) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,420 shares of the real estate investment trust’s stock after selling 58,930 shares during the quarter. Rothschild Asset Management Inc. owned about 1.27% of AG Mortgage Investment worth $6,208,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in MITT. Wells Fargo & Company MN lifted its stake in shares of AG Mortgage Investment by 22.1% during the 3rd quarter. Wells Fargo & Company MN now owns 46,497 shares of the real estate investment trust’s stock valued at $895,000 after buying an additional 8,412 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of AG Mortgage Investment by 11.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 149,381 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 15,292 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of AG Mortgage Investment during the 4th quarter valued at approximately $874,000. Chicago Equity Partners LLC lifted its stake in shares of AG Mortgage Investment by 72.8% during the 4th quarter. Chicago Equity Partners LLC now owns 147,150 shares of the real estate investment trust’s stock valued at $2,797,000 after buying an additional 62,005 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of AG Mortgage Investment by 4.7% during the 4th quarter. LSV Asset Management now owns 943,327 shares of the real estate investment trust’s stock valued at $17,932,000 after buying an additional 42,200 shares in the last quarter. Institutional investors own 62.44% of the company’s stock.
A number of analysts recently commented on the stock. ValuEngine cut shares of AG Mortgage Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.25 target price on shares of AG Mortgage Investment in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. AG Mortgage Investment currently has an average rating of “Hold” and an average price target of $18.13.
In other news, CFO Brian C. Sigman bought 7,200 shares of the stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $17.09 per share, for a total transaction of $123,048.00. Following the purchase, the chief financial officer now directly owns 38,500 shares of the company’s stock, valued at approximately $657,965. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.27% of the company’s stock.
AG Mortgage Investment opened at $18.69 on Monday, according to Marketbeat. AG Mortgage Investment has a 1 year low of $16.31 and a 1 year high of $19.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $527.08 million, a price-to-earnings ratio of 9.03 and a beta of 0.70.
AG Mortgage Investment (NYSE:MITT) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.10. AG Mortgage Investment had a net margin of 72.51% and a return on equity of 11.95%. The business had revenue of $24.03 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 10.17%. The ex-dividend date of this dividend was Wednesday, March 28th.
AG Mortgage Investment 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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