PennyMac Mortgage Investment Trust (NYSE:PMT) Given Average Recommendation of “Moderate Buy” by Analysts

PennyMac Mortgage Investment Trust (NYSE:PMT) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.17.

Separately, Wedbush reiterated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter valued at $28,000. Simplify Asset Management Inc. bought a new position in shares of PennyMac Mortgage Investment Trust during the 3rd quarter worth $143,000. Aigen Investment Management LP purchased a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at $152,000. Allspring Global Investments Holdings LLC bought a new stake in shares of PennyMac Mortgage Investment Trust in the second quarter valued at about $177,000. Finally, Caprock Group LLC lifted its stake in PennyMac Mortgage Investment Trust by 9.3% in the third quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 1,156 shares during the period. Institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Trading Down 3.5 %

PMT stock opened at $12.55 on Monday. PennyMac Mortgage Investment Trust has a twelve month low of $12.46 and a twelve month high of $15.41. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.23 and a beta of 1.50. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. The firm’s fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $13.75.

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

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders 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 annualized dividend and a yield of 12.75%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 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.