AlphaCore Capital LLC Invests $77,000 in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

AlphaCore Capital LLC purchased a new stake in shares of AG Mortgage Investment Trust, Inc. (NYSE:MITT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of AG Mortgage Investment Trust by 34.6% during the second quarter. Renaissance Technologies LLC now owns 559,462 shares of the real estate investment trust’s stock worth $3,715,000 after acquiring an additional 143,799 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in AG Mortgage Investment Trust by 189.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 185,997 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 121,771 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in AG Mortgage Investment Trust by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 169,322 shares of the real estate investment trust’s stock worth $1,272,000 after purchasing an additional 3,546 shares in the last quarter. LSV Asset Management purchased a new position in AG Mortgage Investment Trust during the 2nd quarter valued at about $1,110,000. Finally, Bank of New York Mellon Corp grew its holdings in AG Mortgage Investment Trust by 105.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 163,754 shares of the real estate investment trust’s stock valued at $1,087,000 after buying an additional 84,037 shares in the last quarter. 27.32% of the stock is owned by institutional investors.

AG Mortgage Investment Trust Trading Up 0.8 %

Shares of NYSE MITT opened at $6.71 on Friday. The business has a 50-day moving average of $7.30 and a 200-day moving average of $7.10. The firm has a market capitalization of $198.01 million, a price-to-earnings ratio of 2.94 and a beta of 2.04. AG Mortgage Investment Trust, Inc. has a 12 month low of $5.09 and a 12 month high of $7.95.

AG Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date was Monday, September 30th. AG Mortgage Investment Trust’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Piper Sandler began coverage on shares of AG Mortgage Investment Trust in a research report on Friday, July 26th. They issued an “overweight” rating and a $9.00 price objective for the company. StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

About AG Mortgage Investment Trust

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.