AG Mortgage Investment Trust posts 2Q profit

NY now owns 47,181 shares of the real estate investment trust's stock valued at $837,000 after buying an additional 1,389 shares during the period. (NYSE:MITT) by 7.0% during the first quarter, according to its most recent filing with the SEC.

A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. raised its position in shares of PennyMac Mortgage Investment Trust by 2.8% in the second quarter. Accern also assigned news articles about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. Norges Bank purchased a new stake in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $13,286,000. First Republic Invest Inc holds 0% in AG Mortgage Investment Trust Inc (NYSE:MITT) or 25,000 shares. Bank of New York Mellon Corp raised its position in PennyMac Mortgage Investment Trust by 6.8% in the first quarter. LSV Asset Management now owns 919,027 shares of the real estate investment trust's stock worth $16,588,000 after buying an additional 16,527 shares during the period. State Street Corp augmented its ownership by buying 13,593 shares an increase of 2.2% as of 03/31/2017. Hedge funds and other institutional investors own 64.24% of the company's stock.

Goldman Sachs Grp Incorporated has invested 0% in AG Mortgage Investment Trust Inc (NYSE:MITT). Another trade for 3,000 shares valued at $131,552 was bought by ALBAUGH JAMES F. $1.13 million worth of stock was sold by Leibman Maya on Wednesday, May 10. The firm's 50 day moving average price is $18.51 and its 200 day moving average price is $18.19. PennyMac Mortgage Investment Trust has a one year low of $14.28 and a one year high of $18.46. The firm has a market capitalization of $535.81 million, a PE ratio of 6.91 and a beta of 0.94. It dived, as 8 investors sold AG Mortgage Investment Trust Inc shares while 35 reduced holdings. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.43 by $0.05. (MITT) opened at 19.34 on Thursday. Its adjusted revenue was $21 million. Gp One Trading L P stated it has 0% in AG Mortgage Investment Trust Inc (NYSE:MITT). Raises Stake in AG Mortgage Investment Trust, Inc.

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The company also announced a dividend paid on Monday July 31st, 2017. This represents a $1.90 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date of this dividend was Tuesday, July 11th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 109.94%. Fuller & Thaler Asset Management Inc is the second biggest holder with 2 million shares now valued at 39.92 million whilst BlackRock Fund Advisors has 2 million shares valued at 28.20 million. If you are accessing this story on another site, it was stolen and reposted in violation of worldwide copyright & trademark legislation. The correct version of this piece of content can be viewed at

Several brokerages have recently weighed in on MITT. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 26th. The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) earned "Buy" rating by Maxim Group on Monday, November 9. Credit Suisse Group reiterated a "hold" rating and set a $18.00 price target on shares of AG Mortgage Investment Trust in a research report on Monday, May 15th. Six research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock has "Buy" rating by Dougherty & Company on Friday, May 20. They now have a Dollars 17 price target on the stock. The company has market cap of $1.17 billion. The stock was sold at an average price of $17.64, for a total value of $34,168.68. The disclosure for this sale can be found here.

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