Principal Financial Group Inc. Boosts Holdings in AG Mortgage Investment Trust Inc (MITT)

Principal Financial Group Inc. grew its stake in shares of AG Mortgage Investment Trust Inc (NYSE:MITT) by 91.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,043 shares of the real estate investment trust’s stock after buying an additional 16,693 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of AG Mortgage Investment Trust worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MITT. SG Americas Securities LLC boosted its holdings in shares of AG Mortgage Investment Trust by 60.2% in the third quarter. SG Americas Securities LLC now owns 10,384 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 3,903 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of AG Mortgage Investment Trust by 91.5% in the third quarter. Martingale Asset Management L P now owns 139,212 shares of the real estate investment trust’s stock valued at $2,531,000 after acquiring an additional 66,501 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of AG Mortgage Investment Trust by 10.3% in the third quarter. BlackRock Inc. now owns 3,005,538 shares of the real estate investment trust’s stock valued at $54,642,000 after acquiring an additional 281,740 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of AG Mortgage Investment Trust by 17.2% in the third quarter. United Services Automobile Association now owns 20,224 shares of the real estate investment trust’s stock valued at $368,000 after acquiring an additional 2,967 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AG Mortgage Investment Trust by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 441,739 shares of the real estate investment trust’s stock worth $8,031,000 after buying an additional 156,858 shares in the last quarter. 57.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Brian C. Sigman acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were purchased at an average price of $17.05 per share, with a total value of $85,250.00. Following the completion of the acquisition, the chief financial officer now owns 44,166 shares in the company, valued at $753,030.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David N. Roberts acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were bought at an average cost of $17.05 per share, for a total transaction of $852,500.00. Following the acquisition, the chief executive officer now owns 248,882 shares of the company’s stock, valued at approximately $4,243,438.10. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 65,000 shares of company stock worth $1,108,250. 1.37% of the stock is owned by insiders.

MITT stock opened at $16.91 on Monday. The stock has a market cap of $544.50 million, a P/E ratio of 7.69 and a beta of 0.91. AG Mortgage Investment Trust Inc has a 52 week low of $15.52 and a 52 week high of $19.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.02.

AG Mortgage Investment Trust (NYSE:MITT) last released its quarterly earnings data on Tuesday, February 26th. The real estate investment trust reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). AG Mortgage Investment Trust had a return on equity of 12.97% and a net margin of 1.00%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Thursday, March 28th.

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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.

See Also: How are Outstanding Shares Different from Authorized Shares?

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

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