Nordea Investment Management AB Invests $1.47 Million in AG Mortgage Investment Trust Inc (NYSE:MITT)

Nordea Investment Management AB acquired a new position in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,013 shares of the real estate investment trust’s stock, valued at approximately $1,465,000. Nordea Investment Management AB owned about 0.27% of AG Mortgage Investment Trust at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MITT. JPMorgan Chase & Co. boosted its stake in shares of AG Mortgage Investment Trust by 54.5% during the 1st quarter. JPMorgan Chase & Co. now owns 615,925 shares of the real estate investment trust’s stock worth $10,372,000 after buying an additional 217,227 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of AG Mortgage Investment Trust by 100.1% during the 1st quarter. Marshall Wace LLP now owns 263,884 shares of the real estate investment trust’s stock worth $4,444,000 after buying an additional 131,989 shares during the last quarter. BlackRock Inc. boosted its stake in shares of AG Mortgage Investment Trust by 3.4% during the 4th quarter. BlackRock Inc. now owns 3,108,342 shares of the real estate investment trust’s stock worth $49,515,000 after buying an additional 102,804 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of AG Mortgage Investment Trust by 443.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 100,447 shares of the real estate investment trust’s stock worth $1,600,000 after buying an additional 81,959 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of AG Mortgage Investment Trust by 83.4% during the 1st quarter. ClariVest Asset Management LLC now owns 176,760 shares of the real estate investment trust’s stock worth $2,976,000 after buying an additional 80,372 shares during the last quarter. Institutional investors own 66.94% of the company’s stock.

In other news, CEO David N. Roberts bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired 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 of the company’s stock, valued at approximately $4,940,519.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

AG Mortgage Investment Trust stock opened at $15.78 on Friday. The business’s 50-day simple moving average is $16.02. AG Mortgage Investment Trust Inc has a one year low of $15.25 and a one year high of $19.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $509.95 million, a P/E ratio of 7.83 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). AG Mortgage Investment Trust had a return on equity of 12.28% and a net margin of 14.17%. The business had revenue of $18.15 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.00 annualized dividend and a yield of 12.67%.

AG Mortgage Investment Trust Profile

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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Institutional Ownership by Quarter for AG Mortgage Investment Trust (NYSE:MITT)

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