Comerica Bank increased its stake in AG Mortgage Investment Trust Inc (NYSE:MITT) by 8.7% in the first quarter, HoldingsChannel reports. The firm owned 11,083 shares of the real estate investment trust’s stock after acquiring an additional 885 shares during the quarter. Comerica Bank’s holdings in AG Mortgage Investment Trust were worth $188,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new position in AG Mortgage Investment Trust during the 4th quarter valued at about $30,000. Advisor Group Inc. increased its holdings in AG Mortgage Investment Trust by 87.6% during the 4th quarter. Advisor Group Inc. now owns 2,157 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,007 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in AG Mortgage Investment Trust by 124.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,657 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 3,697 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in AG Mortgage Investment Trust by 317.4% during the 1st quarter. Meeder Asset Management Inc. now owns 7,175 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 5,456 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in AG Mortgage Investment Trust by 406.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,462 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 7,594 shares in the last quarter. Institutional investors and hedge funds own 66.94% of the company’s stock.

In other AG Mortgage Investment Trust news, CEO David N. Roberts bought 50,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of $16.53 per share, for a total transaction of $826,500.00. Following the acquisition, the chief executive officer now owns 298,882 shares of the company’s stock, valued at approximately $4,940,519.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

NYSE:MITT opened at $15.78 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.02. AG Mortgage Investment Trust Inc has a twelve month low of $15.25 and a twelve month high of $19.69. The stock has a market cap of $517.01 million, a price-to-earnings ratio of 7.66 and a beta of 0.94.

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

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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.

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

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