Nordea Investment Management AB bought a new stake in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 87,013 shares of the real estate investment trust’s stock, valued at approximately $1,465,000. Nordea Investment Management AB owned approximately 0.27% of AG Mortgage Investment Trust at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of AG Mortgage Investment Trust during the first quarter valued at $30,000. Advisor Group Inc. grew its stake in AG Mortgage Investment Trust by 87.6% in the fourth quarter. Advisor Group Inc. now owns 2,157 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,007 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in AG Mortgage Investment Trust by 124.9% in the first quarter. BNP Paribas Arbitrage SA now owns 6,657 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,697 shares in the last quarter. Meeder Asset Management Inc. grew its stake in AG Mortgage Investment Trust by 317.4% in the first quarter. Meeder Asset Management Inc. now owns 7,175 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 5,456 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in AG Mortgage Investment Trust by 406.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,462 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 7,594 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.
NYSE MITT traded down $0.13 on Friday, reaching $15.91. The stock had a trading volume of 139,859 shares, compared to its average volume of 216,454. AG Mortgage Investment Trust Inc has a 1 year low of $15.25 and a 1 year high of $19.60. The firm has a 50 day simple moving average of $15.87. The company has a market capitalization of $520.42 million, a P/E ratio of 7.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.13 and a quick ratio of 1.13.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.50 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.00 annualized dividend and a dividend yield of 12.57%.
In related news, CEO David N. Roberts acquired 50,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were bought at an average cost of $16.53 per share, for a total transaction of $826,500.00. Following the purchase, the chief executive officer now owns 298,882 shares in the company, valued at approximately $4,940,519.46. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.37% of the company’s stock.
About AG Mortgage Investment Trust
AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.
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