PennyMac Mortgage Investment Trust (NYSE:PMT – Get Rating) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.41.
Several equities research analysts have recently commented on the company. Piper Sandler reduced their target price on PennyMac Mortgage Investment Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Tuesday, April 5th. BTIG Research raised PennyMac Mortgage Investment Trust from a “neutral” rating to a “buy” rating and set a $18.50 target price on the stock in a research report on Friday, January 7th. JMP Securities dropped their target price on PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Zacks Investment Research raised PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, Jonestrading assumed coverage on PennyMac Mortgage Investment Trust in a report on Friday, January 7th. They set a “buy” rating and a $20.50 price objective on the stock.
In related news, Director Marianne Sullivan bought 15,650 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $235,063.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott W. Carnahan sold 1,785 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $15.71, for a total value of $28,042.35. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 1.8% during the 3rd quarter. Voya Investment Management LLC now owns 41,479 shares of the real estate investment trust’s stock worth $817,000 after buying an additional 743 shares during the period. Wedbush Securities Inc. increased its holdings in PennyMac Mortgage Investment Trust by 4.9% during the 1st quarter. Wedbush Securities Inc. now owns 16,301 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 760 shares in the last quarter. CIBC Asset Management Inc increased its holdings in PennyMac Mortgage Investment Trust by 6.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,146 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 761 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in PennyMac Mortgage Investment Trust by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,150 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 857 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in PennyMac Mortgage Investment Trust by 3.7% during the 4th quarter. Centaurus Financial Inc. now owns 49,578 shares of the real estate investment trust’s stock valued at $859,000 after purchasing an additional 1,778 shares in the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
Shares of PennyMac Mortgage Investment Trust stock opened at $15.34 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 59.00 and a beta of 1.13. The business has a fifty day simple moving average of $16.00 and a 200-day simple moving average of $17.40. PennyMac Mortgage Investment Trust has a fifty-two week low of $14.61 and a fifty-two week high of $21.53.
PennyMac Mortgage Investment Trust (NYSE:PMT – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.77). PennyMac Mortgage Investment Trust had a net margin of 13.53% and a return on equity of 2.89%. During the same period last year, the business posted $0.78 earnings per share. Analysts anticipate that PennyMac Mortgage Investment Trust will post 2.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Friday, April 15th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.26%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 723.10%.
PennyMac Mortgage Investment Trust Company Profile (Get Rating)
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.
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