1,938 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,938 shares of the real estate investment trust’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 90.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,436 shares of the real estate investment trust’s stock worth $2,487,000 after acquiring an additional 82,735 shares during the last quarter. Principal Financial Group Inc. increased its position in PennyMac Mortgage Investment Trust by 18.2% during the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock worth $7,221,000 after purchasing an additional 77,955 shares in the last quarter. Citigroup Inc. lifted its stake in PennyMac Mortgage Investment Trust by 43.2% in the 3rd quarter. Citigroup Inc. now owns 407,660 shares of the real estate investment trust’s stock valued at $5,813,000 after purchasing an additional 123,079 shares during the last quarter. Wolverine Asset Management LLC boosted its position in PennyMac Mortgage Investment Trust by 105.8% in the third quarter. Wolverine Asset Management LLC now owns 461,323 shares of the real estate investment trust’s stock valued at $6,578,000 after buying an additional 237,210 shares in the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter worth $5,841,000. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reiterated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.17.

PennyMac Mortgage Investment Trust Price Performance

PMT stock opened at $12.90 on Tuesday. The company has a market capitalization of $1.12 billion, a P/E ratio of 9.49 and a beta of 1.50. The company has a fifty day moving average price of $13.50 and a 200-day moving average price of $13.78. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a 52-week low of $12.80 and a 52-week high of $15.89.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. The company had revenue of $80.86 million for the quarter, compared to the consensus estimate of $93.75 million. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, equities analysts expect that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.40%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 117.65%.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.