Wolverine Asset Management LLC Has $1.40 Million Stock Holdings in AG Mortgage Investment Trust, Inc. (NYSE:MITT)

Wolverine Asset Management LLC grew its stake in AG Mortgage Investment Trust, Inc. (NYSE:MITT) by 189.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 185,997 shares of the real estate investment trust’s stock after purchasing an additional 121,771 shares during the quarter. Wolverine Asset Management LLC owned about 0.63% of AG Mortgage Investment Trust worth $1,397,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of AG Mortgage Investment Trust during the 2nd quarter worth about $72,000. Algert Global LLC bought a new stake in AG Mortgage Investment Trust in the second quarter valued at approximately $81,000. SG Americas Securities LLC acquired a new stake in AG Mortgage Investment Trust in the third quarter worth $93,000. Naviter Wealth LLC boosted 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 worth $146,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of 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 valued at $148,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 27.32% of the company’s stock.

AG Mortgage Investment Trust Stock Performance

NYSE MITT opened at $6.86 on Wednesday. AG Mortgage Investment Trust, Inc. has a 52 week low of $5.09 and a 52 week high of $7.95. The stock’s 50 day moving average price is $7.39 and its two-hundred day moving average price is $7.07. The stock has a market capitalization of $202.44 million, a price-to-earnings ratio of 3.01 and a beta of 2.04.

AG Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date of this dividend was Monday, September 30th. AG Mortgage Investment Trust’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler started coverage on AG Mortgage Investment Trust in a report on Friday, July 26th. They set an “overweight” rating and a $9.00 target price on the stock. StockNews.com lowered AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, JMP Securities raised their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.