Entrustpermal Management Lowers stake in AG Mortgage Investment Trust Inc (MITT)

AG Mortgage Investment Trust Inc (MITT) : Entrustpermal Management reduced its stake in AG Mortgage Investment Trust Inc by 5.94% during the most recent quarter end. The investment management company now holds a total of 167,900 shares of AG Mortgage Investment Trust Inc which is valued at $2,671,289 after selling 10,600 shares in AG Mortgage Investment Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.AG Mortgage Investment Trust Inc makes up approximately 1.29% of Entrustpermal Management’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in MITT in the latest quarter, The investment management firm added 2,142 additional shares and now holds a total of 108,026 shares of AG Mortgage Investment Trust Inc which is valued at $1,718,694.Credit Suisse Ag boosted its stake in MITT in the latest quarter, The investment management firm added 22,755 additional shares and now holds a total of 75,314 shares of AG Mortgage Investment Trust Inc which is valued at $1,198,246.Clarivest Asset Management reduced its stake in MITT by selling 42,500 shares or 32.51% in the most recent quarter. The Hedge Fund company now holds 88,236 shares of MITT which is valued at $1,321,775. AG Mortgage Investment Trust Inc makes up approx 0.04% of Clarivest Asset Management’s portfolio.

AG Mortgage Investment Trust Inc closed down -0.14 points or -0.88% at $15.68 with 1,64,406 shares getting traded on Thursday. Post opening the session at $15.78, the shares hit an intraday low of $15.49 and an intraday high of $15.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, AG Mortgage Investment Trust Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.46.Analysts expectations of $ 22.72.During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on AG Mortgage Investment Trust Inc. Company shares were Reiterated by Wunderlich on Aug 8, 2016 to “Hold”, Firm has raised the Price Target to $ 17 from a previous price target of $15.50 .

AG Mortgage Investment Trust Inc. is a real estate investment trust (REIT). The Company is focused on investing in acquiring and managing a diversified portfolio of residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) or any agency of the United States Government such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS) and other real estate-related securities and financial assets including Non-Agency RMBS asset backed securities (ABS) commercial mortgage-backed securities (CMBS) and loans. The majority of the Company’s portfolio consists of mortgage-backed securities specifically RMBS.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

AG Mortgage Investment Trust Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on AG Mortgage Investment Trust Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.