Shares of Pennymac Mortgage Investment Trust (New York Stock Exchange: PMT – get rating) has been given a consensus rating of “moderate buy” by the nine research firms currently covering the company. Market beat evaluation report. One of her investment analysts gave the stock a sell rating and four issued a buy rating. The average 12-month price target for analysts who published a report on the stock last year is $16.43.
PMT has been the subject of many research reports. Credit Suisse Group lowered its price target on shares of Penny Mac Mortgage Investment Trust to his $15.00 in a research report on Thursday, Oct. 13. StockNews.com featured shares in Pennymac Mortgage Investment Trust in its report on Wednesday, October 12th. They gave the stock a “sell” rating, and Piper Sandler lowered his mortgage investment trust target price from $18.00 to $15.50, in a report on Friday, Sept. 30. , assigned an “overweight” rating to the stock. JMP Securities lowered its price target on PennyMac Mortgage Investment Trust from $16.00 to $15.00 in a research report on Thursday, October 20, giving it an “above market” rating. Finally, B. Riley lowered Pennymack Mortgage Investment Trust’s target price from $18.00 to $15.00, setting a ‘buy’ rating for the company in its research report on Tuesday, Oct. 25.
Pennymac Mortgage Investment Trust Price Performance
PMT stock Opened Wednesday for $15.37. PennyMac Mortgage Investment Trust hits a one-year low of $10.78 and a one-year high of $18.76. The company has a debt to equity ratio of 1.35, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market cap of $1.37 billion, a price/earnings ratio of -10.46, and a beta of 1.28. The company has a 50-day simple moving average of $13.26 and a 200-day simple moving average of $14.35.
Pennymac Mortgage Investment Trust Dividend Notice
The company recently announced its quarterly dividend, which was paid on Friday, October 28th. A dividend of $0.47 per share was issued to shareholders of record on Friday, October 14. The ex-dividend date was Thursday, October 13. This represents his $1.88 dividend and his 12.23% yield on an annualized basis. PennyMac Mortgage Investment Trust has a payout percentage of -127.89%.
In other news, CEO David Spector bought 20,000 shares of stock in the trading on Thursday, September 8th. Shares were purchased at an average of $13.71 per share, with a total trading value of $274,200.00 for him. Following the completion of the acquisition, the CEO now directly owns his 232,574 shares of the company, valued at approximately $3,188,589.54. The acquisition was disclosed in documents filed with the Securities and Exchange Commission. This hyperlinkCorporate insiders own 0.78% of the company’s shares.
institution inflow and outflow
Several hedge funds have recently changed positions in the company. Nisa Investment Advisors LLC increased its Pennymac Mortgage Investment Trust holdings by 27.6% in the first quarter. Nisa Investment Advisors LLC now owns 66,846 real estate investment trust shares valued at $1,129,000 after acquiring an additional 14,456 shares in the previous quarter. SG Americas Securities LLC increased its Pennymac Mortgage Investment Trust holdings by 342.8% in the first quarter. SG Americas Securities LLC now owns 29,742 real estate investment trust shares worth $502,000 after acquiring an additional 23,025 shares in the previous quarter. Whittier Trust Co. of Nevada Inc. increased its Pennymac Mortgage Investment Trust holdings by 14.4% in the first quarter. Whittier Trust Co. of Nevada Inc. owns 44,232 shares of the real estate investment trust worth $747,000 after acquiring an additional 5,564 shares in the previous quarter. NTB Financial Corp purchased new shares of PennyMac Mortgage Investment Trust for $239,000 in the first quarter. Finally, International Assets Investment Management LLC increased its holding in Pennymac Mortgage Investment Trust by 30.1% in the first quarter. International Assets Investment Management LLC now owns 21,788 real estate investment trust shares valued at $368,000 after acquiring an additional 5,047 shares in the previous quarter. 69.07% of the shares are owned by hedge funds and other institutional investors.
About Pennymack Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a professional financial firm that invests primarily in US mortgage-related assets. The Company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) contracts, CRT securities, distressed loans, real estate and non-agency subordinated debt.
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